Since I started this site, I’ve been a fan of budgets. They’re useful to make sure you know where your money goes and to keep track of expenses. However, I’m having a change of heart. After 2 years, I’m realizing that they’re simply not for me.
It’s not because I want to spend and don’t want anyone telling me what to do. It’s not that I always know where each penny goes and can keep in mind where I spent my money and know exactly when to cut back. And it’s definitely not that I have enough money that where I spend it is of no consequence to me.
The reason I want to quit budgeting is that each month, things are roughly the same. I have monthly bills that are steady, I don’t go overboard in any category, and to be honest, I don’t need anyone to keep me accountable because I do a pretty good job as it is.
For the most part, when I am over budget, it is because I am going on vacation or have a large purchase that I’ve been saving for. I don’t really ever spend an extra $200 on food when I wasn’t expecting it. I experience only slight lifestyle inflation, and I’m not at risk of running into money and spending on new clothes each month.
Budgets are not for me. Budgets are for people who can’t keep their expenses in check, for those who are trying to keep themselves on a plan and who can’t do a good job without one, and that simply doesn’t describe me.
I don’t need a budget. I like seeing a snapshot every few days of my accounts, but keeping track of every transaction is time-consuming, exhausting, and stressful.
Readers, how do you feel about budgets? I’m so over them personally, but that doesn’t mean you have to be!