My only budgeting is to earn much more than I spent so I don’t have to think too much about it. That means that I live quite frugal and other than food don’t really buy much on a regular basis.
Even though I’m in the same category (currently spend less than half), this approach isn’t viable for everyone. Some people work hard and long, but just have too high expenses by just existing. You can’t really be frugal on rent and basic food, you need something.
This works great until you lose half your income and you don’t change your spending habits because your cats are used to a certain standard of living. Hooray for my line of credit!
My only budgeting is to earn much more than I spent so I don’t have to think too much about it. That means that I live quite frugal and other than food don’t really buy much on a regular basis.
Even though I’m in the same category (currently spend less than half), this approach isn’t viable for everyone. Some people work hard and long, but just have too high expenses by just existing. You can’t really be frugal on rent and basic food, you need something.
For sure, it took me 20 years to get there myself.
Seconding this. I love earning money and hate spending money; I check my savings a couple times a year and otherwise don’t worry about it.
This works great until you lose half your income and you don’t change your spending habits because your cats are used to a certain standard of living. Hooray for my line of credit!
I mean, that’d be stupid to do it like that.