tag:blogger.com,1999:blog-9219236556397495909.post7048524856046448687..comments2023-11-03T08:13:04.072-04:00Comments on anabegins: An Ode to BudgetsAnahttp://www.blogger.com/profile/00006807775816627217noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-9219236556397495909.post-78501798715787777552015-08-06T10:13:00.904-04:002015-08-06T10:13:00.904-04:00IIRC, the All Your Worth philosophy defines needs ...IIRC, the All Your Worth philosophy defines needs as "regular required expenses" and wants as "expenses you could get rid of in the event of an emergency", so I think one does need to budget for "wants." How fine grained the budget is, though, can vary. <br /><br />Here are the categories Get Rich Slowly recommends to use with All Your Worth: http://www.getrichslowly.org/images/GRS/BMF-handout.pdf<br /><br />(Keeping in mind that you can spend less than 50% on needs and more than 20% on savings-- the % are just general guidelines. I think in general if you're spending more than 50% on needs then for the short term the extra % should come out of wants, not savings, but I may be misremembering. It's a little odd because as an economist, I think extra debt repayment above your required amount counts as savings.)nicoleandmaggiehttp://nicoleandmaggie.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-2971594012641479302015-08-06T09:24:55.571-04:002015-08-06T09:24:55.571-04:00I definitely think you can work with YNAB that way...I definitely think you can work with YNAB that way---eliminate all the categories you don't want to spend on during your spending freeze (or ever!) and set up a "wants" category. You can even put zero in there---distribute all your money between needs and debt/saving, so that anything you buy for "wants" ends up having to come from somewhere else (if you are really really serious about not spending on wants)<br />I know a lot of the uber-frugal bloggers advise AGAINST budgets for that very reason---that if you put $ in the category of "eating out" or "clothes" that you will feel like spending that. That really your goal should be to spend NOTHING on anything besides needs, so there is no need to budget. I can see that logic, though it doesn't work that way for me.Anahttps://www.blogger.com/profile/00006807775816627217noreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-18646709490667786762015-08-06T09:21:29.387-04:002015-08-06T09:21:29.387-04:00oh no, I may have misrepresented the degree to whi...oh no, I may have misrepresented the degree to which my husband is on the same page---its absolutely the nagging thing. This is the worst part about it (though now I have some teeth to my nagging, with numbers, where before it was more of a vague "we're spending too much, we have to spend less" Anahttps://www.blogger.com/profile/00006807775816627217noreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-29423739040850796182015-08-06T01:06:09.879-04:002015-08-06T01:06:09.879-04:00Ah yes, us mommy bloggers and our budgets. I have ...Ah yes, us mommy bloggers and our budgets. I have to say, the "mommy-blogger" thread in these comments made me chuckle and I haven't chuckled nearly enough recently. <br /><br />It was good for me to read this, as I embark on my second attempt at a budget. I bought YNAB, but I'm not sure if I'm going to keep using it. I think for me right now I want to be thinking more in the "NEEDS" and "WANTS" mentality of All Your Worth and less in the line-item structure of YNAB. Maybe I can just make WANTS a line-item in YNAB instead of all the smaller subcategories (like clothes, eating out, etc). I'm going to think of it some more, I'm not sure yet.<br /><br />But I'm excited to finally have BOTH a real budget AND the mindset to stick to it. I had the real budget before and the mindset later, but this will be the first time both come together. I'm excited to see where I end up.<br /><br />Thanks for sharing your budget experience. It's SO REFRESHING to read about someone who is in a similar circumstance to my own and hear what they are doing. Brava for making changes. It has been reading about your change in money mindset that spurred me to make many of my changes. YOU ROCK!Noemihttps://www.blogger.com/profile/12792217151905218101noreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-83268028247103916012015-08-05T17:07:55.076-04:002015-08-05T17:07:55.076-04:00I too bristled at the "mommy blogger" - ...I too bristled at the "mommy blogger" - I view you as a scientist/working parent blog (because the blogs I read are academics and or working parents...like me. Not Mommies!)<br /><br />Good for you!! I think my DH is in the place where you were at the beginning of the year - I do all the finances and even though I've given him words before I doubt he could access more than one.<br /><br />I used to do a very similar budget to your method but totally slacked when we had a kid. I would enter expenses in excel a few times a month and keep savings goals and running totals like you do. I need to check out ynab and see if it's easier. I just haven't had the bandwidth to do the look up in mint and then transfer to my spreadsheet. <br /><br />And awesome that you and your husband are on the same page. It was always me looking at the budget and saying this like we over spent eating out this month so next month let's eat out less, which made me feel like a nag. the Frugal Ecologisthttps://www.blogger.com/profile/05007753245445039830noreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-6951024971065163962015-08-04T21:08:17.434-04:002015-08-04T21:08:17.434-04:00Oh god, no, don't worry about this stuff durin...Oh god, no, don't worry about this stuff during residency! But...think about it when you get your first job post-training, once you've settled in and all.Anahttps://www.blogger.com/profile/00006807775816627217noreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-82378053149705057892015-08-04T19:44:37.726-04:002015-08-04T19:44:37.726-04:00(The mommy blogger thing is my fault!)(The mommy blogger thing is my fault!)nicoleandmaggiehttp://nicoleandmaggie.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-64906113706537716142015-08-04T19:37:23.059-04:002015-08-04T19:37:23.059-04:00Mommy blogger? Really?
This seems so overwhelmin...Mommy blogger? Really?<br /><br />This seems so overwhelming to contemplate right now. I think for now we'll stick with avoiding shopping and not reproducing again. OMDGhttps://www.blogger.com/profile/17937425894428802591noreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-78947347368245318232015-08-04T18:50:21.479-04:002015-08-04T18:50:21.479-04:00Great post. It sounds very similar to the process...Great post. It sounds very similar to the process I went through last year when I put myself on a budget. It was an absolute shock to me to see how much I was spending, especially on things like eating out and vacations. It is so much less stressful to be in control of my spending and to have a plan for getting out of the massive debt I'm in.Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-88689231832332488072015-08-04T17:46:40.849-04:002015-08-04T17:46:40.849-04:00p.s. This is an excellent how-to post. p.s. This is an excellent how-to post. nicoleandmaggiehttp://nicoleandmaggie.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-9219236556397495909.post-29488984692566156002015-08-04T17:39:29.082-04:002015-08-04T17:39:29.082-04:00Parenting blogger! ;)Parenting blogger! ;)Anonymousnoreply@blogger.com