[speaker001:] okay so Frank what uh type of uh budget do you or your family have
[speaker002:] well uh I don't know that we really have a budget I have a set amount that I that I save actually well actually there is a a way uh we budget our our money apparently uh my wife uh has so much uh you know gets so much to do shopping with every couple of weeks and uh we allot each of us so much money per week for our personal stuff gas and things like that and besides that I uh you know I have a set amount that I save every every month
[speaker001:] right that's that's sounds like uh probably a tighter controlled budget than what I have I'm single so I guess
[speaker002:] uh-huh uh-huh
[speaker001:] uh I don't know if that's an excuse for not having a tight budget but I basically
[speaker002:] really don't need to
[speaker001:] right I don't need to I'm the only that I have to keep track of so it makes it a little bit easier
[speaker002:] uh that's right
[speaker001:] um and also I you know I try to save a certain amount each month as well and uh
[speaker002:] um-hum
[speaker001:] I kind of I kind of have an idea of what my expenses are and I I'm pretty consistent from month to month
[speaker002:] uh-huh
[speaker001:] and uh whenever I need to uh you know whenever that changes I'm pretty well aware of it without actually having to maintain a budget for it
[speaker002:] right well I found that uh you know things as as I've gotten older I'm in my fifties now but before we use to have to have to very have a very strict budget I had four kids and uh you know we we planned out how much we're going to spend for food and how much for for this and for that and kind of anticipate how much things were going to be and uh I guess one interesting aspect of the budgeting I do now is that I set aside uh like I kind of fence off areas of my check book for instance there are certain things that I know will come up uh every so often every six months I have to pay car insurance uh every six months I have to pay my taxes so I take a set amount I've got a money market account that I do a lot of uh saving in and I also have got a checking account besides that but
[speaker001:] um-hum
[speaker002:] what I do on my money market account for my taxes for instance which amount to uh an average of two hundred and twenty dollars a month I'll just take two hundred and twenty out and I put it in parenthesis I take it out of the right line total
[speaker001:] um-hum
[speaker002:] and put it in parenthesis in there and let it build up every month I add two hundred and twenty dollars to it and then when the tax bill comes in I've got that much set aside
[speaker001:] right
[speaker002:] and I guess that's a way of budgeting
[speaker001:] yeah that's I guess I kind of do a similar thing more medium uh medium or longer range I just have a maybe a target amount that I'll save for like I'm probably within a year I'd like to buy a new car
[speaker002:] um-hum
[speaker001:] so I kind of have uh an amount in my mind and I'm making every effort to to put a little bit away and you know increase the amount I need for a down payment or whatever
[speaker002:] uh-huh yeah uh cars are are definitely something that you have to figure into your budget not only for buying them but for for keeping them on the road too
[speaker001:] right
[speaker002:] um you know we've got two cars my wife has a car and I and I like to drive a pick up truck so we're on a schedule where I try every uh three or four years to to buy a new one and you know I'm constantly making car payments but I figure that's got to be the story of my life anyway is making car payments
[speaker001:] um-hum
[speaker002:] so uh you know I get one paid for and uh actually I'm saving up for another one besides so
[speaker001:] hm
[speaker002:] it's you you know it's it's kind of a never ending thing but you try to you try to schedule those things so that
[speaker001:] right
[speaker002:] uh you're only you're not paying for two at the same time I guess what I'm saying
[speaker001:] right have you thought about uh leasing
[speaker002:] well I've thought about it but leasing wouldn't I you know I don't use it for my business my wife uses hers just for pleasure and I use mine just to go back and forth to work which is only ten miles away so
[speaker001:] I see right but if you're rolling it over every three years it might be advantageous to do that
[speaker002:] yeah I guess uh
[speaker001:] you know typically you if you purchase your own car you tend to make uh the best returns after you pay it off of course you know the longer you keep it beyond that point the more profitable it is to own it yourself
[speaker002:] uh-huh right yeah you're right um I I have uh been know to keep trucks or cars for oh ten or twelve years but I find that after about four years they kind of start going down hill and you got to put put stuff into them you know
[speaker001:] that's right yeah mine's uh seven years old and I think last year was that was a rough year for it I had expenses a number of expenses
[speaker002:] uh-huh
[speaker001:] but uh I'm hoping that most most of them were just kind of uh you know the as you get to a certain number of miles you have to get everything replaced brake shocks and all that so I just went through that whole set last year
[speaker002:] um-hum
[speaker001:] and I'm hoping I'll be have a slow period before I need that again
[speaker002:] those things can really upset your budget when they when they come in uh you know it's nice to have a little bit set aside for the for the unexpected shall we say
[speaker001:] right
[speaker002:] so that it doesn't uh kill you all in one month
[speaker001:] right what line of work are you in