I was going through my budget binder this morning and thought about you all. I can remember clearly our decision to become a one income family and all the effort that went into making it a reality.
One of the things that really helped us make the transition was getting a clear picture of our finances. One of the first things I had to do as a stay at home wife was learn how to budget one income.
We were a two income family now living on one income so some changes had to made. The first thing I addressed was creating a budget book. We’ve improved it over the years to make it work for us so I’m going to show you what it looks like now.
GOALS — This is where we keep track of our long and short term goals. We also keep an ongoing list of home improvements we want to tackle, Christmas lists as well as clothing items that need replacing.
INVESTMENTS – This is the perfect place to keep quarterly account statements and contribution slips.
PASSWORDS & LOG IN’S – It can be easy to forget the log in credentials when paying bills online. This is where we keep track of passwords for those times when we want to pay our bills online with a specific site versus online bill pay.
BANK – Here’s where we can store bank statements. I didn’t share a picture of anything in this section for obvious reasons.