Do you have a financial budget you actually stick to?

Jump to Last Post 1-5 of 5 discussions (6 posts)
  1. iggy7117 profile image76
    iggy7117posted 2 years ago

    Do you have a financial budget you actually stick to?

  2. Levi Legion profile image60
    Levi Legionposted 2 years ago

    This is not financial advice. Just my opinion and experience.

    I've never used a budget in my entire life. That is, I've never written down expense categories and allocated a specific amount of funds to each category. I've also never been in debt. My family and I live a modest lifestyle and don't lack the things we need and many of the things we want.

    I find that the idea of having a written down budget can help SOME people, but can be a roadblock to financial success for others. Allow me to explain. I don't use a budget because my reasoning tells me that being as efficient with my money and not allowing a feeling of materialistic greed to control me is the best way to go. If I had a set amount of funds for each expense category, I might feel COMPELLED to spend any excess each month. Instead, I focus on how to be efficient as possible and spend wisely.

    I think some people who may be financially undisciplined can be hindered]\
    by their budget because they think they need to spend all the money in each category each month. In that case, an ATTITUDE adjustment is needed. A better attitude would be to save any money that is leftover from necessary expenses and some luxuries.

    The key to all of this is to control your SPENDING. When your spending in each area of life is controlled and efficient, the saving takes care of itself.

  3. Ann810 profile image76
    Ann810posted 2 years ago

    Yes I stick to a budget, one way is by not purchasing cable TV. We haven't had satellite cable television since 2007, that's one way to save lots of money. We watch movies and shows on Hulu or Youtube. The subscription for Hulu is $7.99 a month, they have documentaries, reality shows, game shows, cooking shows, etc.

  4. MarieLB profile image81
    MarieLBposted 2 years ago

    I started drawing up and writing down a budget some 30-35 years ago, and every year I update it; sometimes later that I should have, but eventually it does get done.

    I allocate moneys to cover certain expenses, and whatever is left is mine to do with as I wish.  Meaning, I could leave it to accumulate and spend it all on one big thing [holiday, makeover etc. . .] or use it that month for any outing or indulgence.

    I have to admit as I grew older and am less able to earn money, I have learned to discipline myself off any excess.

    One way I have found useful for me [I am female] is when I see a dress, or something else that really attracts, and I am dying to go in and buy it.  Of course at that time, my mind gives me plenty of reason why I should buy it.

    I sush my undisciplined urge by saying to myself "Okay, okay!  I shall go in and buy it - TOMORROW."

    Sometimes I do and find it gone.  Nothing else I see after that appeals.

    Sometimes I am busy and forget all about it the next day and the next, and by that time it is often gone, or else my 'urgent need' no longer bites, so I let it go.

    I had to retire early and so my income is pretty slim and I cannot afford to go crazy with spending.

    To date I have managed to eat well, dress reasonably, give gifts to those I love and keep me homed in reasonable comfort.

    I do jiggle the figures from one category to another at times, but I have always managed to cover all my expenses.  Black and white is relentlessly imperative!

  5. tamarawilhite profile image91
    tamarawilhiteposted 2 years ago

    For month to month expenses, typically, though with kids, the $2000 ER expense from a misadventure comes up once in a while.
    The biggest benefits of the budget are telling the kids "we have X per kid for camps for the summer, pick which camps or earn the extra money to do it", and my daughter earned $40 more to do the horseback riding she wanted and son sold several hundred dollars of camp card (coupon cards) to pay for camps he wanted. I didn't say "no, we can't afford it", I said "we can afford X, if you want more, earn it" and they did.
    And a budget allows us to say we will do home improvements and repairs, but tell the contractor "my budget is X, what can you do within it?" or scheduling work based on cash flow instead of going into debt for things.

    1. MarieLB profile image81
      MarieLBposted 2 years agoin reply to this

      What a clever way to encourage the young ones to be creative and not to dwell on "the lack of".  Bravo Tamara Wilhite.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)