Comments on: Why I Never Budget

By: Overcome Money Problems | Hope to Prosper

Overcome Money Problems | Hope to Prosper — Mon, 01 Mar 2010 17:14:02 +0000

[...] Check Out: Why I Never Budget [...]

By: Moneymonk

Moneymonk — Wed, 22 Apr 2009 17:11:58 +0000

I hate bugets it’s a time waster

I save 30% of my income and work with what’s left

By: CJ

CJ — Tue, 03 Feb 2009 20:48:20 +0000

Budgets are a pain, and I agree, take a lot of time that don’t seem to add a lot of value (who cares how much we spend on toothpaste each month?). To me, the big thing is to a) know how much you have to spend; and b) pay attention to your spending so that you stay within that limit. Budgets force you to do both things, which is what most people DON’T do today. I like your system, it’s similar to mine. Which is maybe one reason why we’re both doing ok in this down economy…

Love the quote, BTW! I’m going to “borrow” it.

By: Carnival of Personal Finance 190: Buddy, Can You Spare a Dime? « Funny about Money

Mon, 02 Feb 2009 22:20:16 +0000

[...] Frohlich BretFrohlich.com Why I Never Budget A man who can trust himself…or who has no fear. [...]

By: Anne

Anne — Mon, 02 Feb 2009 19:39:10 +0000

I think this is very true for families of a smallish size who expect to have at least a modest surplus at the end of the month.

I’m single, have fixed expenses that don’t come near my monthly net pay, and agree that a break even budget would be a total waste of time for me. I know what I bring in, what goes out regularly, and I set basic targets for monthly things like food, gas, and savings. It works well for me.

I’m just not sure it would work for a couple with multiple kids who are trying to make things work on one income that leaves very little left over at the end of each month. For them a fixed, break-even budget that is revisited often seems like it would make sense just to keep financial order.

I do think there should be some disclaimers on posts proclaiming that a break-even budget is the only way to orderly finances.