Quote:
|
Originally Posted by outlawsister1973
I should be ashamed to admit that I don't budget at all. I pay the bills as they come in. I most certainly don't set a limit for entertainment or eating out....which is why I get myself into trouble. That will have to be my New Year's Resolution. We haven't been eating out as much or buying new things...(not so much because I don't want to and would if I had the money)...so that is kind of a good thing. Lol!
Spending really makes me happy. Unfortunately most of the spending goes for bills. Blech.
|
It's interesting that you say you don't have a budget. It's also interesting to hear you say that you should be ashamed.
Here's some amazing news for you... YOU DO HAVE A BUDGET... it's simply not the traditional written one. You proved it when you said that you have cut back on eating out so you can cover the bills.
If I had a dollar for every person who has told me that they don't budget, I'd be a multi millionaire.
The truth is that we all budget differently and that for too long we've felt inferior if we don't have an old style written budget.
By the way...
You are correct... most of your money goes on bills (about 70% on average). The interesting thing about bills is that they are highly predictable so if we can put a system (yes call it that B word (budget) ) we can predict what other money we will have available.
The key to the exercise is knowing what your financial personality is and then using a budgeting program that suits you.
Enjoy your Money
The Budget Man
Visit
www.PersonalityBudgeting.com to take the free quiz that helps you discover your financial personality.