Another Anti-Budget Blogger?

 

I love reading these kinds of articles.  They always start off so bold and in-your-face. The headline of this one is:

I Don’t Budget Because It’s Not Sexy

But by 1/3 of the way through, you’re reading this paragraph:

You see we have a name problem! So from now at YFS we no longer say the dreaded B word, we will refer to it as a Spending Plan.  But you can call it what ever you want.

So before you know it, they go on to list the steps in creating a – you guessed it – a budget.  (Call it what you want, but if you’re writing down all of your income, then listing all of your expenses, that’s a budget.)

Still, the author makes a valid case for calling it something different when he points out that “budget” has a negative connotation whereas “spending plan” (or something similar) sounds more positive and fun.  There’s a whole movement right now that’s focusing less on changing willpower and more on changing the associations we have with things so that we want to do them.  I applaud the effort, but it makes me somewhat sad. After all, we are supposed to be higher-level beings that can reason and choose above what our primal instincts tell us. Shouldn’t we be working towards making ourselves better people instead of merely manipulating the external forces in a way that will better our circumstances?

 

That’s enough heavy talk for today. The main point that I came away with from this article was that your budget should be something that lets you spend money - not something that tells you you can’t spend money. A simple shift in mindset might make all the difference in your budgeting.

You can read more about our budget style here.

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7 Responses to “Another Anti-Budget Blogger?”

  1. YFS says:

    Thanks for stopping buy and reading the article. What I value you more is your opinion on the matter. With that said. I agree 100% when you stated:

    "we are supposed to be higher-level beings that can reason and choose above what our primal instincts tell us."

    But unfortunately history tells a different story. Personal finance is just as much behavior than it is numbers. Everyone knows what they are supposed to do already yet they still do not do it. So, it only make since to try out different techniques to motivate you to your desired goal.

    Sometimes you have to trick yourself into an action or implement barriers to prevent a bad action. It's no different than a person freezing a credit card in peanut butter, a smoker not being around other smokers or a person deciding to go to a gym rather than use their home gym.

    I say that to say this. Do what you need to do to get to obtain your financial goals!

    • LindsaY says:

      I agree that it’s not that different. Practically speaking, we have to do whatever it takes (even if it’s changing the words we use) to get those goals accomplished! I guess it’s the psychology of it, the theory, that I’m thinking about. We, as humans, are “supposed” to be better than that!

      I guess it is those that accept the truth and deal with it who succeed. What I’ve been doing so far hasn’t worked, so it’s time to shake things up! Thanks for the input.

  2. YFS says:

    Thanks for stopping buy and reading the article. What I value you more is your opinion on the matter. With that said. I agree 100% when you stated:

  3. Sometimes a change in your mindset can make the difference between failing and succeeding. Weight watchers has perfected this. They are not a diet and do not tell you what you can't eat. They are an eating plan and you choose your foods within their point guidelines. Seems to work for a lot of people.

    • downswithdebt says:

      That's true! Maybe coming up with a word to better articulate what you're actually doing is another way to stay motivated.

      I'd just hate for some people to be fooled into thinking all you have to do is change what something is called and it will "magically" work for you.

  4. aaron says:

    I just want to say that I was anti-budget before anti-budget was cool!

  5. 2 player games says:

    The No Link Leakage rule is very interesting. Never saw it that way before. Thanks!

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