Building a Shoestring Budget Asheville NC

Budgeting takes a concerted effort in Asheville. The first time that you put one together it will take a few hours to account for everything, but that is just the learning curve. Once you have the system set up, it is easier to make any changes down the line. Here are some tips for building a budget.

First-Citizens Bank & Trust - Asheville Branch
(888) 323-4732
108 Patton Avenue
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM. This fee only applies to accounts opened in NC, VA or WV. (Fee does not apply to all accounts.)
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
SunTrust - Asheville Branch
(800) 786-8787
20 Town Mountain Road
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact SunTrust for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
RBC Bank USA - 8 O'henry Avenue Branch
(800) 236-8872
8 O'henry Avenue
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $29.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2 fee each time you use an unaffiliated ATM. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact RBC Bank USA for details.
Services
Debit Reward Programs, Overdraft Protection, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
SunTrust - Pack Square Branch
(800) 786-8787
10 South Pack Square
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact SunTrust for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
BB&T - Asheville Main Branch
(800) 226-5228
1 W Pack Sq
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 4 uses per month. (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
Wells Fargo - Asheville Main
(866) 245-3452
One Haywood Street
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - College Street Branch
(800) 432-1000
162 College Street
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - Asheville Downtown
(800) 432-1000
68 Patton Avenue
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
TD Bank - Asheville Branch
(888) 751-9000
200 College Street
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM Fee Rebate Noe: TD Bank rebates ATM Surcharge Fees. Contact the institution for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Wells Fargo - Asheville Main Remote Drive-Up Branc
(866) 245-3452
75 Coxe Avenue
Asheville, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
Data Provided by:

Building a Shoestring Budget

Budgeting takes a concerted effort. The first time that you put one together it will take a few hours to account for everything, but that is just the learning curve. Once you have the system set up, it is easier to make any changes down the line. Here are some tips for building a budget.

Account for all of your income. Include all the regular monthly jobs that you receive a paycheck from. Even if more of your income goes to pay the bills, include both incomes in the household. Single parents that receive alimony or child support payments from a former spouse can include this as a part of the regular earnings for the month.

What are your expenses? The usual expenses include rent/mortgage, car payment, insurance, utilities, and credit cards. We all have other expenses that we can think of and those are included when you calculate how much you spend.

The budget is taking shape. When you add up the expenses and subtract them from the earnings, there will be a positive or negative number at the end of that equation. A positive number is good. It doesnít mean that you donít need a budget, but it is a clear sign that you are already making progress in the right direction.

A negative number means that you are living beyond your means. This doesnít include any impulse spending, unless that is why you have credit card bills. A negative means that you have to find a way to cut spending and bring more money into the house.

Examine those credit card bills. For one thing, the interest rates on those things are outrageous. Leaving a balance at the end of each month is a costly thing to do. The finance charges and interest compounded daily will kill you if you ever fall behind on a payment.

If you are using the credit cards to pay for necessary items like groceries, car repairs, and unexpected bills, consider adding an emergency fund category to your budget. This is a place to keep money to use in the event of an emergency. An emergency fund keeps the budget going despite a need for cash.

Treat the emergency fund like another savings account or investment. Make allowances for contributing money to each of these. For a regular savings account, that means money that will be shifted to investment vehicles like IRAs and CDs when the amount reaches a certain limit. The emergency fund money is at your disposal should anyone need it.

Once all numbers are plugged in and you’ve set up spending limits for categories, it is time to put the budget in place. If you have to, withdraw cash from the bank and put it into separate envelopes that represent each category. When the money in the envelope is gone, so is the spending for that category.

Budgets are not set in stone. As you go from month to month, have a review to change amounts as needed. If you have set aside even five or ten dollars each month, that is five or ten dollars more than the previous month. Success can come in small steps.

This entry was posted on Wednesday, November 26th, 2008 at 9:23 pm and is filed under Budgeting . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response , or trackback from your own site.

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