:wave: I’m sure we all have learned a lot over the years with budgeting our money. I’d like to get a discussion going to share what are some of your budgeting tips or advice you have to share that has made the biggest impact to your budgeting success?

This is the first year I have created a personal budget for managing my expenses. The best tip I have been learning has been to get a good understanding of where I am spending money. I needed to see the expenses in general categories first. Next year, I plan to utilize more categories to improve my …

I’ll play. Two from me: For the first time this year (and only because Tiller makes it relatively easy to do), I’m budgeting off of gross, rather than net, income. It’s made me much more aware of where my money is going. Not that difficult to implement and worth doing, at least for a little while…

@dmetiller I like both tips. In fact, I remember you posting about #2 on a different thread. I started to do that too after reading your suggestion. It has also helped me think through how I want to break out my detailed categorizations next year. For #1, I need to do that because I have insurance a…

I totally agree about AutoCat! I used it at first because I just wanted to have everything recorded (I kept telling myself I’d go back and look over everything, but you know how that goes… :roll_eyes: I’ve also started using tags. Now, instead of just “pets”, I know what I’m spending on cats vs. ho…

We’ve used the 50/30/20 rule for many years. Actually changed it to 50/20/30 for our lifestyle. So 50% of income goes to Must Haves, 20% to Wants and 30% to Savings. We’ve always had the mindset to pay ourselves first (savings) then the Must Haves and the remainder goes to the Wants. Keeping our…

@klaykrusher Thank you for sharing your 50/30/20 rule. It is a great guide to start from and then tweak as you did to 50/20/30. I’m at about 80/20/0 right now, but working to understand where changes can and need to be made.

Share your budgeting tips or advice

Conversation

dmetiller August 9, 2024, 5:46pm 5

For #1, I’d put a huge plug in for @jpfieber Paycheck Deduction Transaction Generator. It’s a great utility that makes it very easy to track paycheck deductions, which really then makes it trivial to budget off of gross income.

Topic		Replies	Views
Super simple tracking and budget? Conversation budgeting	12	1223	August 29, 2020
Poll: How strict are you about following a budget? If so, what's your style? Conversation	8	958	November 9, 2019
Webinar replay: Getting Started With Tiller Session 3: Categories News from Tiller how-to , webinar	2	218	January 20, 2026
Savings Budget Adoption Advice! Ask Anything advice	5	428	September 29, 2023
How do you determine categories? Conversation tracking	10	2852	December 13, 2020

Share your budgeting tips or advice

Related topics