To give you a background, I am the sort of person who likes to get things done ASAP. It’s good and bad. It’s good because I can get really determined at accomplishing something; yet, it’s bad because obviously, loving “ASAP” means I am not a very patient one. So getting a household budget in place is definitely a challenge for me. Why? Because first, the budget is going to be a hit or miss for some time (as can be read in most personal finance sites and books)—meaning, there’s just no way I can get it “right” the first time/month, ; and second, I can’t get it done ASAP.
- I don’t really have an existing budget in place.
- I believe and want to practice the 70-30 principle.
- I have existing debts.
- As I constantly tweaked the budget to get to the right working one, I had to change the budgeting spreadsheet I use twice.