Building up the 2009 budget – Joint account

November 21, 2008

in budget

I’ve started building up our 2009 budget on paper, which I will then transfer onto a spreadsheet.

To do our budget I start with the basics

Food
Mortgage
Council Tax
Water
Life Insurance
Buildings Insurance
Gas & Electric

I then add the extras, which are non essential but preferable,

Internet
Telephone
TV Licence
House contents insurance

and then the luxuries

Digital TV
Holidays
Home improvements
Mortgage overpayments

We both put a fixed amount from our personal accounts into the joint account every month to cover all the above, and then anything left is ours to do with as we wish. This system works really well for us.

I try to keep the cost of the basics and extras as low as possible, so that we can afford the luxuries.

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Money and Goals: April 7, 2009 at 7:22 am

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The City Sage November 24, 2008 at 5:36 am: Hi Laura,

Thanks so much for stopping by my blog and for your kind words. I’m enjoying reading through your archives very much! The DH and I are on a pretty tight budget at the moment (who isn’t!) and so I can use all the fresh ideas, creativity and encouragement that I can get.

Hope you’ve had a lovely weekend!

xoxo
Anne @ The City Sage

[Reply]
Move To Portugal November 24, 2008 at 9:29 pm: Hi Anne
Thanks for dropping by, and for your kind words

[Reply]
Mizé December 14, 2008 at 8:03 am: Great plan. I´m doing quite the same.
I don´t have an house contents insurance. If anyone decides to rob our flat I don´t know what will happen. I do have a good lock and live in a calm area but we never know.
Gotta think about that.
xx

[Reply]