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October 12, 2009

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... An 18 year old CPA? Must have meant when he was 18.

Great quote on budgeting though!

Never used YNAB but I've heard it is pretty good. I might just go a head and give it a try. Never cared much for budgets. Budgets always seemed like someone telling me what to do. I'm not very fond of being told what to do; so budgets and I never got along. I do keep a budget but I call it a spending plan instead. The spending plan is exactly the same as a budget but gives me a better sense of achievement. The spending plan is what I'm going to do to reach my goals instead of telling me what I can't do.

Hey Midg, I suppose we should have puchased YouNeedASpendingPlan.com instead ;) You hit the nail on the head though -- it's about what you want to do with your money in order to reach your goals.

Nice post. Well-written.

Personally I'm not a fan of budgeting software - I'm more of an on-the-back-of-an-envelope type. But ok, if it gets the job done... (and apparently it does)

We have a budget/spending plan in Excel...left column for our goals for categories like food and savings and right column for what we actually did. Sometimes we go over in a couple of categories (misc expenses and food usually), but we always hit our savings goals. It helps to keep us on track, but we don't berrate ourselves if we go over somewhere...

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