Budgeting - is there any point?

Lalaladybird

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?

Lokolo

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

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.

getmore4less

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.