How to Budget: Set Up a Fixed and Variable Checking Account

Posted by on Saturday, November 14, 2009 · 2 Comments 

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2 Responses to “How to Budget: Set Up a Fixed and Variable Checking Account”
  1. Theresa Ip Froehlich says:
    February 1, 2010 at 9:47 pm

    Leslie, This fixed/variable spending idea is great for budgeting. I am coaching some people (through our church) to help them do a better job at Money Management. I’ll share you blog with the ministry leaders and participants.
    Theresa Ip Froehlich
    Certified Life Coach

  2. Leslie Cunningham says:
    February 7, 2010 at 11:53 am

    I’m so glad you like this Theresa… It has been hugely helpful not only for my husband and I but for the couples that I coach as well. I find that it is especially helpful to separate monthly debt payments into the “fixed debt” category (with the exception of mortgage payment – that should remain within the “fixed expenses” category). This allows people to see how much they are actually spending on debt. It makes it more motivating to pay off their fixed monthly debt, because then they can see how much extra money they’ll have to live on once their debt is paid off.

    Thanks for your thoughts and ideas Theresa. I really appreciate them!
    Leslie Cunningham

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