#Household budget software download#

All you do is recategorize any expenses that the program categorized incorrectly.

#Household budget software download#

These programs automatically download all your spending transactions and categorize them for you. They link directly to your bank accounts as well as credit and debit cards. This is so easy to do these days with free programs like and many others. A step up from that is tracking where your money went (notice the past tense). Sadly, I have a feeling most of the population falls into this category. The worst-case scenario is having no budget and no idea where your money goes. Today, I hope to impress upon you the beauty and brilliance of a good household budget. There are also a lot of misconceptions, including that budgeting is painful, limiting, time-consuming, and only for nerds with nothing else to do on Saturday night than add up receipts.

The funny thing is most people do not understand what true budgeting entails. Many personal finance gurus will tell you that the household budget is the key to financial success. Misconceptions about the household budget: It was much later that I learned my parents were a rare breed and many people did not have any type of household budget. I figured this was how every family managed its money. I remember many times that we couldn’t buy this or that because she was “already into next week’s food allowance.” When my father got a 4% raise at work, my mother got a 4% raise in the food allowance. She kept it in an envelope in her purse so she could see when she was running low. When I was a kid, my mother had a “food allowance.” It was a sum of money she got every other week to spend on groceries. Household Budget – More Than Just Tracking Expenses