I have pretty strong thoughts about both the importance of budgeting and about the best way to do it. As with so many things, I think dealing with money in general is a matter best dealt with by staring it straight in the face and grabbing it by the horns. I don’t want to be controlled; I want to be in control!
Hahah, seriously, though, I want the freedom that comes with knowing that our finances are in order. It’s a wonderful, liberating, empowering feeling.
Following are some of the specific strong thoughts I have on the subject, starting with what budgeting is not and what budgeting is:
What Budgeting Is Not
- Budgeting is not looking at an automatically generated report from an app that categorizes your expenses for you and tells you where you’ve overspent and where you haven’t (yet).
- Budgeting is not (merely) meticulously recording every single expense and knowing at the end of the month or year or whatever how much you’ve spent in various categories.
- Budgeting is not impossible.
- Budgeting does not have to be time-consuming.
- Budgeting is not only for those who have a predictable income.
- Budgeting is not penny pinching that deprives you of all “frivolous” or fun expenditures.
What Budgeting Is
- Budgeting is telling your money what to do.
- Budgeting is planning what you will do with the money you have right now.
- Budgeting is do-able!!
- Budgeting is something every money-spending member of the family should be involved in.
- Budgeting is gaining control.
- Budgeting is a responsible and guilt-free way to spend money on things you want.
I have lots more to say on the subject, and I’ll also share specifics on how I personally budget. In the meantime, shoot me some of your own thoughts, difficulties, questions on the subject. Let’s crack open the dialogue! See you soon!