ickplantFeb 21

Just pure vibes

https://lemmy.world/post/43390607

Show threadLumidaub

What does “official budget” mean? Serious question, what else are you supposed to do other than check your account every once in a while*?

* (and by that I mean get notifications from your bank if there’s any movement)

Feb 21 at 12:54amWeb
Show threadickplantFeb 21
Some people use apps or spreadsheets to have a very structured budget. I am not one of them. I have a concept of a budget.
Show threadFilthyShroomsFeb 21

I have an excel sheet with basic things like my income, rent, other monthly items, and rough estimates for things like groceries or regular hobbies. Then I look at what’s left over and use that as a reference point. I definitely don’t keep a very strict budget, and you vould argue it doesn’t fit the bill for an “official budget”, but it’s worked well enough for me so far

Also my banking app has some basic budgetary info, so I can look at my monthly spending and such

Show threadbss03Feb 21

What does “official budget” mean?

A pre-plan for spending, generally involving an upper limit by category, including not only existing scheduled payments, but also ad-hoc spending.

Like most plans, a budget can be as loose or a tight as you want, and you may or may not follow it, but just building it can result in a more successful approach.

I think most people use a spreadsheet, so they can include some things that are auto-calculated, but that’s not a essential property.