What system or method do you use for your monthly budget or personal finance?
What system or method do you use for your monthly budget or personal finance?
What budgeting advice do you recommend? Money management method?
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My only budgeting is to earn much more than I spent so I don't have to think too much about it. That means that I live quite frugal and other than food don't really buy much on a regular basis.
Even though I'm in the same category (currently spend less than half), this approach isn't viable for everyone. Some people work hard and long, but just have too high expenses by just existing. You can't really be frugal on rent and basic food, you need something.
For sure, it took me 20 years to get there myself.
What the fuck. It took you 20 years to get to a point where you can comfortably rent a place to live and buy food?
This system is beyond saving
there were things involved like moving a couple of times between countries, a divorce, refocusing on a different career to be able to get where I wanted to be.
fair enough but still, I don't think it should take that long for someone to have the basic necessities of a life in this society. that should just be the baseline, regardless of employment situation
Perhaps we misunderstand each other, It took me 20 years to get to the point that all my budgeting is that I earn much more money than that I spent so that I never need to think about budgeting. It's not only about rent and food.
Seconding this. I love earning money and hate spending money; I check my savings a couple times a year and otherwise don't worry about it.
This works great until you lose half your income and you don't change your spending habits because your cats are used to a certain standard of living. Hooray for my line of credit!
I mean, that'd be stupid to do it like that.