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Thread: Anyone else on a budget?

  1. #1
    Super Member deedum's Avatar
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    I decided to put myself on a monthly budget! Somebody had to! I was getting out of control :) Imagine that! Just wondering if anyone else is on a budget and what tips can you share?

    I decided to put x amount of cash in a envelope and write on the envelope each time I make a purchase. When I run out of money for the month then I am done!

  2. #2
    Super Member marilynr's Avatar
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    My daughter & SIN do their budget this way very successfully.
    I do not need this way because I am naturally thrifty, but it definitely is a good method.

  3. #3
    Super Member Lori S's Avatar
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    I do the same. for fabric . I also allow what was left to carry over to the next month. Its been working so far., but I am also particiapting in the fabric moretorium so I'll have quite a bit in that envelope when .. I just can't take it and have to make a splurge.
    It really helps. I also used a budget when I attended a big quilt show , because it was too easy to get carried away.

  4. #4
    Super Member IrelandDragonQuilting's Avatar
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    Most definitely, I also put myself on a limit as to how many projects I have going at one time. If not I will have to many pending projects to do and will overwhelm myself :)

  5. #5
    Super Member carolaug's Avatar
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    If you are fabric shopping bring cash...not a credit card. That way you will not over spend and you will really think about what you really want.
    I also skipped on the internet service for my cell phone...I can do without that high cost. - canceled the house phone 3 years ago..nope we do not miss it.

  6. #6
    Super Member carolaug's Avatar
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    This is good...me too...no more than two at a time. I do build stashes though. I buy 1 yard here and there or 3 yeards of backing material when I see a good sale.
    Quote Originally Posted by IrelandDragonQuilting
    Most definitely, I also put myself on a limit as to how many projects I have going at one time. If not I will have to many pending projects to do and will overwhelm myself :)

  7. #7
    Senior Member redvette54's Avatar
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    I don't buy anything with a credit card, use coupons, if I'm going to Joann's. At the end of each day, I put my change in a jar. Once or twice a year, I cash in my change and take a day trip to Shipsawana.

  8. #8
    Senior Member quilter711's Avatar
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    I have made the decision to only buy fabric for a project. No more stash building! It is to hard to find more fabric from your stash if you don't have enough to finish a project.

  9. #9
    Super Member deedum's Avatar
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    I am pretty thrifty as a rule, except when it comes to this quilting thing! I still buy on sale but it is easy to get carried away! Of course, I was busy building a stash, but now I think it is time to get control. I say that as I bought 2 singers today! Still within my budget *smiles*

  10. #10
    Super Member Jill's Avatar
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    I have lived on a budget my whole adult life. It drives my DH crazy but he realizes he is terrible with money so I handle the finances. A year ago I stopped buying so much fabric and started using my stash. I only buy for special gifts or when I need some backing. I also use coupons at JoAnn's and Hobby Lobby. I have always made it a habit to transfer money left in checking over to savings on paydays. Sometimes it isn't very much, but you'd be surprised how quickly it can add up.

  11. #11
    Super Member carolaug's Avatar
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    I agree...I have always been very careful and am a saver until I started quilting last year...now I seem like I spend non stop...I need to start getting it back in control...I also have always had a spotless house...now I find material here and there, die machines...I put everything away this weekend...I do enjoy quilting but may cut back a bit. Its starting to control me...
    Quote Originally Posted by deedum
    I am pretty thrifty as a rule, except when it comes to this quilting thing! I still buy on sale but it is easy to get carried away! Of course, I was busy building a stash, but now I think it is time to get control. I say that as I bought 2 singers today! Still within my budget *smiles*

  12. #12
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    My DH has been out of work for 4 months, so no income coming in. I asked for donations of clothes from people and many friends donated fabric. All you have to do is ask. I am making wall hangings and other crafts for a craft sale in August and so far I have made many items and only spent $25 on batting and a few yards of fabric.

  13. #13
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    Because of a tax mess up we have to pay this year---not happy. So that meant I needed to cut back on the 'hobby'. I am only purchasing one item per pay check till taxes are paid. That item has to be a low cost---I can't buy a new machine LOL! What ever is left over from my 'allowance' each paycheck goes towards the taxes. BUT watch out when the taxes are paid! I want, I want, so off to shopping I go--of course it shall say 'sale' or have a coupon I can use even then......

  14. #14
    Super Member quilttiludrop's Avatar
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    Everybody's got a limit to the amount of money they can spend! I say just be thrifty! (Whatever that means to you!)

  15. #15
    Power Poster BellaBoo's Avatar
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    I have my own disposable income so my budget is not a concern with DH but I tend to splurge all at once for quilting items then spend little by little.

  16. #16
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    We saved our change especially quarters into a jar every week from the first week of marriage on. On our 35th wedding anniversary we used the change and bought new wedding bands and had them engraved.

  17. #17
    Power Poster Mariposa's Avatar
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    A budget? Yep! Had to. Lost my job over a year ago due to downsizing. It makes you dig into that stash!! :)

  18. #18
    Super Member Leota's Avatar
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    Are you talking a general budget or a fabric/supplies budget?
    General budget is DH job...
    fabric budget is "I need ______ color/style of fabric and I don't have anything in my stash... store has a 50% off sale and I have an additional 10-15% off if I got during xxx hours....

  19. #19
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    I like to use cash because when it is gone that's it. My DH prefers a credit card that is paid in full every month. We have tried it both ways and both work. Since he writes the checks and takes care of all of the bills, I let him do it his way. We do have a monthly budget and seldom go over it. Our credit card pays 1% and we just let that roll over for long periods of time and then we have enough to splurge for something fun. The first time we did it, we left it for a few years and ended up with over $800. We split it and bought something we each wanted. Usually we use it for our annual trip to Michigan to see family.

  20. #20
    Power Poster CarrieAnne's Avatar
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    I have always been thrifty....no real budget, I just cants pend too much!

  21. #21
    Member colleenancel's Avatar
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    Have never been able to make a budget work, however, we don't use credit, so when the cash is gone, the spending stops! Have often bought just a few fat quarters at a quilt shop of fabric store, and they do mount up. But now I have several projects ahead, so haven't bought any for a while. When I did the marathon of two 90 X 106 flannel quilts for Christmas presents last year, I bought way too much flannel, so I still have enough left to make one for my brother this year.

  22. #22
    Super Member quilt queen 2's Avatar
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    I am not on a budget but I am careful how I buy usually wait for 50% sales I also get a lot of scraps given to me by some of my quilting friends that don't want them. Often I end up making runners, wallhangings, scrap quits,etc just from what I am given!

  23. #23
    Senior Member roda's Avatar
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    We own a car wash and I was having to clean out the vacuums I was useing the money I found in those to buy my stash(some will think thats gross) but $150.00 a month buys a lot of fabric.

  24. #24
    Super Member dakotamaid's Avatar
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    I haven't done this for fabric but oh boy, it worked for the county fair!! With 4 kids in tow (a friend for each) I would put x amount in my pocket, tell the kids what was there and they had to prioritize. They did very well and when I turned my pocket inside out and it was empty they didn't whine one bit!!

  25. #25
    Super Member Annaquilts's Avatar
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    I cut down on fabric buying about 3 years ago because of the economy. I just do not go to quilt stores any more. Also I started using lesser expensive fabrics especially for backs and buying or trading for fabrics off this list and ebay. I really try to use stash and be creative.


    Quote Originally Posted by deedum
    I decided to put myself on a monthly budget! Somebody had to! I was getting out of control :) Imagine that! Just wondering if anyone else is on a budget and what tips can you share?

    I decided to put x amount of cash in a envelope and write on the envelope each time I make a purchase. When I run out of money for the month then I am done!

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