Family budgeting 2020

Post date: 2020-01-24 16:34:15
Views: 277
We're your typical family with a couple parents and a couple kids, a mortgage, daycare costs, grocery / Target / Amazon purchases, and intermittent big items like vet bills and car repairs. What is the easiest way to make and track a budget?

Right now we have separate bank accounts and "domains" that we pay for: I pay the mortgage and daycare bills; he pays for the groceries, family Amazon needs, and intermittent stuff; and we each pay for our own cell phone, student loan, clothing, and random purchases (like a book on Amazon).

But that's not working well. While at one point it seemed even, now it seems imbalanced. We're missing out on e.g., the savings that a family cell phone plan could bring. And I'd like to start doing most of the grocery shopping.

What's a better approach to all of this? I'm open to things like Mint or YNAB, but my earlier attempts with them failed. With two young kids, I'm intimidated by solutions with high bookkeeping needs. Also, it seems like we might need more or different (shared?) bank accounts?

For those with fully integrated budgets, I have no idea how the emotional / relationship side of that works. I don't like the idea of having someone look over my shoulder on every expenditure or having to ask "where did all our money go?"

Please hit me with your budgeting tools and techniques! Thanks in advance for any suggestions you might have.
Number of Comments
Please click Here to read the full story.
 
Other Top and Latest Questions:
Airfare is 23% higher than last year. Is now a good time to use points for flights?
Americans grow more pessimistic about their finances, New York Fed finds — expert warns of ‘tough choices’ ahead
Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level
Inside India newsletter: Food crisis, economic shock ahead as India braces for El Niño
Lululemon poaches Athleta CEO as new chief product officer
Can native speakers immediately grasp Joyce's tricks?
Slow Horses: Lost and Found
The Great British Bake Off: Biscuit Week
Elon Musk blames Indian 'oligarchs' for stalling Starlink launch
Samsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demand