Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 03-20-2014, 10:09 AM   #41
Thinks s/he gets paid by the post
sengsational's Avatar
Join Date: Oct 2010
Posts: 2,836
I came across this blog entry today about " How to Budget When You Hate Budgeting", that I thought was worth sharing. You can click to the full article on or yahoo finance (the link above has a bit more "truth" about using budgeting software).

Anyway, the author gets a lot of spending control by having less than everything tracked. He calls it "Budgeting Light" and has only six spending categories:

  • Food
  • Miscellaneous
  • Medical
  • Automobile
  • His personal
  • Hers personal
The author found that if he tried to manage every transaction, it got to be too much, and he quit doing it at all. You know, trying to get rid of / ignore transfers that are not really spending. And tracking the many regular predictable expenses really doesn't do much to help. So all of that is not part of this budgeting light philosophy. Not that you couldn't do that separately, just to keep the big picture, but the author says this philosophy is used "to become more mindful about our spending".

I don't use YNAB, and neither the author nor I are getting a kickback. I thought it would be a reasonable "community service" for me to mention that if you buy YNAB and put "marotta" in the "use my code" box, you'll get 25% off.

sengsational is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Personal finance software for Mac? jon-nyc Other topics 9 01-10-2013 04:30 PM
What would you teach in Intro to Personal Finance? Peaceful_Warrior Other topics 18 04-24-2007 11:11 AM
Carnival of Personal Finance JLP FIRE and Money 12 07-13-2005 07:03 PM
Best Finance Software elb FIRE and Money 4 11-07-2004 07:49 PM
Dilbert/Scott Adams' guide to personal finance... soupcxan Other topics 2 10-01-2004 06:53 AM


All times are GMT -6. The time now is 02:44 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.