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my budget

Discussion in 'Living Room' started by Darlinghurst Boy, 4th Apr, 2016.

  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    I see commercials on TV for a Company called ." My budget"

    Has anyone ever used their service ?
     
  2. Angel

    Angel Well-Known Member

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    Didn't you ask this question last month?

    But if you require budgeting mentorship, I am ready and able to set you on course. You need only pay me 80% of their fee, OK? PM me.
     
  3. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    I wonder what they charge.
     
  4. datto

    datto Well-Known Member

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    No. Never used them. I imagine the simple formula would be to consolidate non deuctable debt and spend less than you earn.
     
  5. Joshwaaaa

    Joshwaaaa Well-Known Member

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    You would have to be absolutely terrible with money to have to use their business
     
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  6. bob shovel

    bob shovel Well-Known Member

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    Just broke the "budgeters code"!! They're coming for you!
     
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  7. teetotal

    teetotal Well-Known Member

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    And have no confidence in self.
     
  8. Coota9

    Coota9 Well-Known Member Premium Member

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  9. Joshwaaaa

    Joshwaaaa Well-Known Member

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    So $5500 to have someone pay your bills for 2.5 years.
     
  10. Coota9

    Coota9 Well-Known Member Premium Member

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    Almost cheaper for the wife to run your finances :D:D
     
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  11. jaybean

    jaybean Well-Known Member

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    I have to give it to you, you must ask the broadest series of questions out of anyone here. If you absorb even half of what you ask you'll be a wizard by the end of the year.
     
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  12. bob shovel

    bob shovel Well-Known Member

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    But they'd get it right! ;)
     
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  13. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Seems the lady that started "My Budget" won an award ....i think they must get a lot of low income earners as customers.

    Look...i would rather reccomend them to someone than no one.
     
  14. Joshwaaaa

    Joshwaaaa Well-Known Member

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    She is also one of the richest "young" people in Australia. Good money in it for sure
     
  15. TMNT

    TMNT Well-Known Member

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    other then people who have been hit by family or health or business or gamlbing or addiction crisis, my budget is for people who are young and stupid (yes we all were once), or for people who think a credit card is free money or who cannot answer "if you have $100 and spend more then $100, are you spending more than you can afford?"
     
  16. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Nope, I did it myself in Excel, happy to strip out my personal info and mail to you if you think it may help, it breaks out all bills and due dates, lists mortgages and savings, cost of interest on credit cards etc etc. It gives a monthly snapshot with how much you can spend per week and day and also projects what you will save if you spend X per day (you can change X).

    Let me know if you want it, should only take me 20 mins to strip out personal info.
     
  17. inertia

    inertia Well-Known Member

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    I would be interested in this - I have been working on my budget and am not entirely happy with what I have done. Would be very interesting to see a different approach.

    Cheers,
    Inertia.
     
  18. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Here you go: TinyUpload.com - best file hosting solution, with no limits, totaly free

    Fill in green, it's a little effort to set up initially but once set up there is no maintenance other than flagging if something is paid or not throughout the month.

    It rebases on the 15th of each month and everything hinges off the date in D6, if you want to add a bill that is paid on the 18th of every month then make the Due date =D6+3

    I have added in an offset section which will show the leftover (ie usable funds) in an offset account which is not allocated, I did this because most people save for holidays and cars in the offset.

    There is a section in H31 and below that shows the amount available per day if you were to spend all unallocated funds, then directly below that is a section where you can put in a desired daily budget and it will calculate how much you will save by the end of the period.

    Dates and days left in the month are self updating.

    Lastly, the section in A36 is the Monthly summary, it shows a rough position vs bills per month.

    I designed this thing around what I wanted to use it for, so if anything confuses you let me know, also happy to help you set it up initially if you need help and don't mind me knowing personal fin info. I will be adding in some investment monitoring templates once I start buying IP's :).
     
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  19. inertia

    inertia Well-Known Member

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    Awesome work! I'll have a play and see how I go tonight

    Cheers,
    Inertia.
     
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