Comments on: Is a budget really necessary? http://myfinancialjourney.com/archive/is-a-budget-really-necessary Sun, 03 Jul 2011 02:33:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DBarclay http://myfinancialjourney.com/archive/is-a-budget-really-necessary/comment-page-1#comment-1475 DBarclay Tue, 20 Mar 2007 23:37:45 +0000 http://www.myfinancialjourney.survivingkids.com/archive/is-a-budget-really-necessary#comment-1475 I don't keep a formal budget either. I have fixed expenses that stay the same every month (mortgage, phone, electricity, ...) and every week I take $100 in cash out of the bank machine. This $100 is used to buy groceries, cups of coffee, beers, whatever. But that $100 has to last for the entire week. I don't allow myself to take another whack at the ATM. Yes, sometimes I break the rules and use a credit card at a restaurant but I try to make up for it by taking only $80 out for the next few weeks :-) I find that this allows me to keep a firm grip on what I'm spending, instead of just allowing myself to take more cash out whenever I notice that my wallet is empty. I don’t keep a formal budget either. I have fixed expenses that stay the same every month (mortgage, phone, electricity, …) and every week I take $100 in cash out of the bank machine.

This $100 is used to buy groceries, cups of coffee, beers, whatever. But that $100 has to last for the entire week. I don’t allow myself to take another whack at the ATM.

Yes, sometimes I break the rules and use a credit card at a restaurant but I try to make up for it by taking only $80 out for the next few weeks :-)

I find that this allows me to keep a firm grip on what I’m spending, instead of just allowing myself to take more cash out whenever I notice that my wallet is empty.

]]> By: hustlermoneyblog http://myfinancialjourney.com/archive/is-a-budget-really-necessary/comment-page-1#comment-177 hustlermoneyblog Tue, 02 Jan 2007 06:19:39 +0000 http://www.myfinancialjourney.survivingkids.com/archive/is-a-budget-really-necessary#comment-177 wow!..kool site. I love all the ideas. If you like, we can trade links. Email me. thanks. wow!..kool site. I love all the ideas. If you like, we can trade links. Email me. thanks.

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