KNOXVILLE, Tenn. (WVLT) Financial counselor and blogger for "Knoxville Moms Blog" Janie Phillips stopped by Local 8 News This Morning to share some home budgeting tips.
There are several ways to keep a budget.
Use a cash envelope system. The pro here is you can't overspend, and you won't run up credit. The con is you have to carry cash, and it can be inconvenient.
You can use computer software to track spending. There are online options along with software.
There's also the household binder system. This allows you to track purchases in a very personalized way.