Budget Tips

  • Make impulse buying difficult (leave checkbook, credit cards at home)
  • Make savings an “expense” item
  • Make debt repayment an “expense” item (this is what credit counselors do for you)
  • Have some fun money for each family member
  • Budget for a fun item (vacation, toy)
  • Don’t over categorize your budget (i.e. do not make too many “expense” categories)
  • Don’t divide couple’s paychecks functionally
  • Use an interest-bearing checking account, if possible
  • Create an “expense” item to pay off credit card balances
  • Pay off the highest interest rate cards first
  • Don’t use credit cards again until balance is paid off
  • After a loan is paid off, keep paying the loan amount to yourself (make a vacation fund, or next car fund)
  • Set aside money monthly, for bills that are due quarterly, semi-annually, or yearly
  • Reconcile your budget at least once a month when reconciling your checking statement
  • Make sure to mark your last reconcile point in your budget
  • Try to get utilities or banks to change due dates of bills to make your work easier
  • Remember, just the act of identifying your expenses is extremely valuable. This is commonly referred to as “tracking” your expenses. But remember, this is only half of the
  • Budgeting equation. Tracking expenses is analogous to just looking in your “rearview mirror” for information. You have to learn to look ahead and see what is coming too!

Copyright 2006 Reprinted with Permission of Tulip Tree Press and Jane E. Chidester and John L. Macko, authors of “BudgetYes! 21st Century Solutions for Taking Control of Your Money Now!

Featured in Plymouth Magazine

Example Image

PSU Collaboration Leads to Emmy

When Trish Lindberg was a 17-year-old musician, artist, and actor, her mother—a teacher herself—told her she would make a great teacher. Lindberg looked her mother right in the eye and said, “I will never be a teacher!” Mother Knows Best Decades later, Lindberg, now a Carnegie Foundation NH Professor of the Year, a recipient of […]

Example Image

Faculty Forum: Brian Eisenhauer on Shrinking Our Environmental Impact

In his roles as professor, scholar, researcher, mentor, and campus leader, Brian Eisenhauer is at the center of Plymouth State’s sustainability and climate neutrality efforts. Under his leadership, Plymouth State has been consistently recognized as a leader in environmental sustainability and is regularly included in The Princeton Review’s Guide to Green Colleges, a compilation of […]

Example Image

Remembering Gene Savage ’58

On May 14, 2012, New Hampshire lost a gifted educator, respected leader, and devoted friend. From his earliest days in education as a high school teacher, coach, and director of guidance, through his post as director of admissions at the University of New Hampshire, and later through his various administrative positions within the University System […]