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Budgeting - is there any point?

Lalaladybird
Lalaladybird Posts: 530 Forumite
in Budgeting & bank accounts
I have always found working out a budget to be a huge time waster not to mention a stressful experience when done with my OH:rolleyes:.... I work out what is coming in and what is going out and then what? I just try to spend as little as possible. Are budgets really necessary if you are not a spendthrift?

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Indeed but then again people such as myselfs who will just spend money if they have it... its quite a good idea ;)
  • irish_eyes_r_smiling
    irish_eyes_r_smiling Posts: 255 Forumite
    agree! as long as the bills are paid, what's left, whether it be alot or in my case a little:rolleyes: . you can spend without worry.
    If your lucky enough to be irish, your lucky enough ;)
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    A budget is a plan......

    How long ahead you plan is is up to you

    day to day, month to month, year to year(minimum sensible one)

    or

    Life time

    A budget/plan should include long term planning including retirement even if saving for it it is delayed it should be in the plan.

    If you feel it is time consuming and a waste of time it is a good indicator you don't have good idea/plan of long term goals.
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