Let's talk Personal Finances. How many of you guys budget? (1 Viewer)
- Thread starter gray
- Start date
Not hard to save, been doing it for years without actually planning to (not much but enough to manage or never worry), though been more reckless past year in just generally spending on vacation/more frequent night outs, mainly spent more due to saving more then usual past year, I saved big portion last year for WC2014's lottery, then Sweden didnt even make it which made our chances to get tickets almost nil, so been more frivolous then usual (which is not by much, not much of a consumer besides clothes, not playing video games anymore cut down alot). Dont have debt or credit cards, usually save/is prudent enough that my problem is more of being the one who lends money to family and friends because I usually have enough.
Know what would be great ?
If your credit/paymentcard, could show you the figure of your wage you have left after fixed expenses.
Cause i think most people who have had budgetting issues here, including myself (but my fee is small), wouldnt have had this problem if we'd go back 50 years and we could only spend the cash in our hands
It was much easyer to feel the impact of a purchase like that
If your credit/paymentcard, could show you the figure of your wage you have left after fixed expenses.
Cause i think most people who have had budgetting issues here, including myself (but my fee is small), wouldnt have had this problem if we'd go back 50 years and we could only spend the cash in our hands
It was much easyer to feel the impact of a purchase like that
The thing different here from Graham is the debt issue. It's not everything, but there's nothing that will f*** with your finances faster if you don't get a detailed handle on it.
I get away with being a somewhat "budget free" wanker because I don't have a complicated debt and I inherited my father's Great Depression-era self-miserly habits.
I went to an in-state public college and always found a different scholarship every year while doing some menial summer jobs. Grad school was contingent on getting grant funding. So the only real debt is my home. "Only" being that a San Francisco home cost my wife and I a mortgage just south of $700k back in 2000. So mortgage payments here are always the killer. Once I knew I could cover those payments, life expenses (credit cards actually helped in accounting for all the totals in one place, as long as you don't treat them the way banks want you to: free money), and could save around Andy'a magic 20%, I knew I was calibrated every month.
It sounds like a total First World Problem, because it is. But I sometimes struggle to make the mental switch for an occasional "luxury" purchase.
I get away with being a somewhat "budget free" wanker because I don't have a complicated debt and I inherited my father's Great Depression-era self-miserly habits.
I went to an in-state public college and always found a different scholarship every year while doing some menial summer jobs. Grad school was contingent on getting grant funding. So the only real debt is my home. "Only" being that a San Francisco home cost my wife and I a mortgage just south of $700k back in 2000. So mortgage payments here are always the killer. Once I knew I could cover those payments, life expenses (credit cards actually helped in accounting for all the totals in one place, as long as you don't treat them the way banks want you to: free money), and could save around Andy'a magic 20%, I knew I was calibrated every month.
It sounds like a total First World Problem, because it is. But I sometimes struggle to make the mental switch for an occasional "luxury" purchase.
