Yes it’s true. Full disclosure, I’m a big freakin’ hypocrite. I preach the wonders of living on a budget, when in reality, I pretty much don’t. Maybe this makes me a terrible person to go to for financial insight, but I think it just makes me normal. Let’s face it, we all compromise a little bit on financially sound principles every now and then. Even the Dave Ramsey “rice and beans” fanatics dine out occasionally, when that money could have been put towards paying down debt. See, I’m not so bad after all.
Just because I don’t live by a budget, doesn’t mean that I am a reckless spender. Actually it’s quite the opposite, I’m a frugal mother lover. I think my frugality fills in as my quasi-budget. If you have been tracking my expenses, you know that I have a dining out/grocery goal of being under $250 each month. If you really pay attention you will notice I’m almost always under that amount.
My budget may say that I have allocated $250 in spending this month, but I rarely restrict myself from doing something I want because “It’s not in my budget.” I guess what I’m trying to communicate is: A budget (to me) is a lifestyle and not necessarily a set of defined parameters. If I live in a way that reflects my ultimate goal of being debt free and owning a home, I don’t have to count pennies. All I have to do is make as many smart spending choices as possible and do my best to minimize any stupid ones.
So now I’m curious. To those who have a budget: Does it determine all of your decisions? How often do you track your spending to make sure you are within your limits? Am I a crappy financial blogger for saying that I don’t really use my budget that often? I guess this is just another area where I resist the financial norm, and make things personal.