Restrictive budgets are certainly not for everyone but that doesn't mean you're not meant to be a budget person at all. Some people need to keep a tighter financial leash than others, and your budgeting practices should reflect how well you know yourself. If you cannot spend less than you earn without a spending plan then you're more likely to benefit from a categorized budget every month.
For those of you feel too constrained by a strict budget but would be better off following a spending plan, simply leave some leeway in your budget. Set a budget using ranges instead of exact numbers and stay within the range. Once you're in tune with your spending habits you could reduce the range over time for added challenge.
Sessun
Untold
Ludd
I do this w/my grocery budget. Given how prices tend to ALWAYS go up, it definitely gives me the option to spend within that range. Usually, I spend a lot less!
1I need to budget my money a bit better. I don't think I'm the type of person that needs a strict budget...then again, I'm might be in denial about the amount of $$ i'm actually spending. So...I'll be creating a simple not so restrictive budget to start off with.
2For the last 6 months, I have been budgeting down to the penny on items-right down to pads, when to buy, bulk buy, and how much I spend. It's paying off so I am really hoping to get some things out the way.
3After spending the majority of my twenties struggling with finances and budgeting, I have finally fallen in love with the process known as budgeting.
4It is very hard to stick to a budget. I create a general budget for myself. Sometimes I stick to it, other times I don't. I just make sure there is cushion for me in case I do go over one month or the next.
5Right now I'm taking note of everything I buy and being careful of *what* and *why* I buy it. Once I've worked out my habits for some months I'll try a budget and see how it goes.
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