How do you work up personal budgets?

Answer by  JennW (342)

Some couples split the income, bills and disposable cash left over right down the middle, and some divide it up proportionately by income. Probably the best way to avoid hard feelings is to choose the first option, but decide which bills are "optional", and take those out of disposable cash.

Answer by  cindy2366 (224)

The best way for a person to budget is to write down all of their expenses each week. The best way to do this is to create an Excel sheet with monthly expenses such as utilities, rent or mortgage, food etc. Next, keep your receipts and log any incidentals. If your expenses exceed income, cut back on those incidentals!