A weekly or monthly budget helps you save and save money at the end of the month. Since we started with a monthly budget, we keep a nice extra pocket money at the end of the month. We will set this money aside for extras for, for example, our or the children's birthdays. There are some differences between a weekly and monthly budget and both budgets have advantages and disadvantages.

Living with a monthly budget or weekly budget: the differences, advantages and disadvantages explained

What is a weekly budget and what is the difference?Under a week- monthly budget is a cash amount that you impose on yourself in advance, from this budget you buy all your meals, care products and cleaning items you need throughout the week or throughout the month. Fixed charges such as your mortgage, rent, insurance and so on are not included.

You decide the amount of your weekly and monthly budget.By having a good picture of your finances: your income minus your fixed expenses, you know exactly how large the amount you have left for groceries, care products, cleaning items but also your savings are included.

Tips before you start.Keep track of what you spend on groceries, care products and cleaning items for a month. Make it an art to get out as cheap as possible, by buying house brands instead of A brands. And after a month, compare your release with the NIBUD. On the website of the NIBUD , you can find an overview of what you are about to spend per person on meals per age.

With us, a weekly budget comes out of it.€179.06, for meals alone. An amount that we do not have to spend weekly, but luckily I like to challenge myself and we have imposed a monthly amount of €360, - per month (€90, - per week.) This includes care products, our meals, household items, pet food and care items for: 2 adults, 3 children a dog, 2 cats and a hamster.