http://www.mind-manual.com/blog/index.php/2008/05/03/why-you-dont-have-to-budget-to-manage-your-money/ Figuring Out Life Together Tue, 09 Aug 2011 23:51:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.mind-manual.com/blog/index.php/2008/05/03/why-you-dont-have-to-budget-to-manage-your-money/comment-page-1/#comment-10206 Ned Mon, 05 May 2008 03:42:39 +0000 http://www.mind-manual.com/blog/?p=227#comment-10206 Thanks for this post. I appreciate some lateral thinking on the issue of money management. I don't know how many times I've started a budget only to forget about it next paycheck. Thanks for this post. I appreciate some lateral thinking on the issue of money management. I don’t know how many times I’ve started a budget only to forget about it next paycheck.

]]> http://www.mind-manual.com/blog/index.php/2008/05/03/why-you-dont-have-to-budget-to-manage-your-money/comment-page-1/#comment-10204 Michael Miles Mon, 05 May 2008 03:13:56 +0000 http://www.mind-manual.com/blog/?p=227#comment-10204 I agree with this - I personally don't have a budget, as such, but I have a system and I keep very clear track of what my money is up to. I think you need to set up some basic guiding principles (as you suggest, saving 10% of your gross income, not spending more than 50% of your gross income, investing regularly in stocks or a mutual fund, etc. etc.) and then try to ensure you act i alignment with them. In fact, this is a good strategy for everything in life! I agree with this – I personally don’t have a budget, as such, but I have a system and I keep very clear track of what my money is up to. I think you need to set up some basic guiding principles (as you suggest, saving 10% of your gross income, not spending more than 50% of your gross income, investing regularly in stocks or a mutual fund, etc. etc.) and then try to ensure you act i alignment with them. In fact, this is a good strategy for everything in life!

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