
Who keeps the budget? Some authorities say the man of the house should accept this responsibility. Other believe that the homemaker, who spends 85 cents out of every dollar, is the logical person to record expenditures. We believe that the choice should be made by the family, and that the one who takes most naturally to figures and records should keep the budget.
America's Housekeeping Book (1945)
I slept restlessly last night and woke early this morning wondering why my New Year was off to such a restless start. I've spent the last week recovering from a bad cold and - still feeling weak as a kitten - gave up my plans for a New Year's Eve out on the town with friends to spend the evening at home with a cup of herbal tea. I had a hard time falling asleep, though, and got up early this morning after tossing and turning all night long.
At first, I wondered if this was an ill omen for the year ahead, but now I think it's just a sign of a woman itching to get started. That's why I'm restless. It's been kind of a crummy autumn. Between changes at work, the lump in my breast, and my grandmother's death, it's been hard to get any real traction for awhile now. But they say bad things come in threes, right? Something about this new page on the calendar makes me feel like I've got a chance to gain some real momentum again in transforming my life.
After all, this is the first New Year in as long as I can remember that my resolutions do not involve radical new hoped-for changes in my lifestyle. This year, in 2010, my resolutions are continuations of progress I've already made in the last year: 1) I resolve to lose 26 more pounds - and continue making my body more strong and flexible. 2) I resolve to pay off my car, finish paying off the last of my credit cards - and continue paying down my student loans and building my savings. 3) I resolve to take better care of my skin, my hair, my nails, and my teeth - and continue taking better care of my insides, including regular self-breast exams! 4) I resolve to re-furnish and redecorate my apartment - and continue learning how to become a better housekeeper so that I can take care of my new things. 5) I resolve to date - and continue putting myself out there to make new friends and feel more settled here in this new city which has become my home.
Nope, nothing radically new this time 'round. I think it's a good sign that my New Year's resolutions for 2010 are all works in progress. And there's no time like this morning to get started. First order of business is a weigh-in. I've put off doing so for the last few days because my cold made me feel like I was retaining water, but that feeling has started to pass. My net damage for the holidays = 1 lb. I weighed in at 143 this morning. Well, I guess that's not too bad in the grand scheme of things --- but the season for indulging is over, so that's as far as I'm going to allow that damage to go. It's time to move that scale in the right direction again. And I know exactly what I need to do - and need not to do - in order to make that happen!
For centuries, a New Year's tradition for heads of families was to get the year off to a fresh start by settling accounts. Paying debts, entering new contracts with employees, and taking a hard look at the household's assets and liabilities. How better for me to begin my year than to do the same for my own small household... The authors of The Manual dedicated one of their earliest chapters to "Money Management." Before they even get started on housekeeping methods, laundering, or home decoration, they focus on one of the most important issues facing the 1940s housewife: how to make ends meet. That's no easy task during the Great Recession, but aren't we incredibly lucky we don't have rations, shortages, and skyrocketing postwar inflation to deal with? So many of our own financial troubles today are entirely under our own control - in our spending habits, our savings plans, and our lifestyles. Here's a rough "pattern" The Manual's authors set forth for the healthy household budget:
Rent (if heat is included) - *25 per cent of income
Rent (if heat must be supplied) - *20 per cent of income
(If you are buying your home, or already own it, the "rent" is the total of interest on mortgage, taxes, interest, upkeep and repairs which should not ordinarily exceed 1/8 to 1/10 of income. If payments on principal are included it may reach 1/4 to 1/5 of income.)
Clothes - 15 per cent of income
Operating expenses - 10-15 per cent of income
Food - 20-35 per cent of income (the smaller the income, the larger the percentage that must be spent for food)
Advancement - 15-20 per cent of income.
Savings (other than life insurance) - 10 per cent of income
Life insurance - the face of your policies should amount to 2 or more years' income
*Provided that in your community it is possible to provide safe shelter for your family for this amount.
If you're scratching your head about the category titled "Advancement," you're not alone! The Manual goes into further detail about each of these budget categories, and my mission for the week ahead is to share these details with you as I examine my own household budget. How does it compare to the pattern? How 'bout yours? Where can I make changes in my own spending habits to help speed my way toward the second of my New Year's resolutions?
A Happy New Year to you all! Wishing you each the greatest success with your own resolutions for 2010.