The other day I noticed an article called: A Day in the Frugal Life (it was in a magazine claiming to be dedicated to cutting back in "tough times").
I live what I consider a relatively frugal life, but I'm always hopeful that an article so titled will provide a money-saving suggestion I am not already practicing. Not this time. I sort of couldn't believe the suggestions: swap your $4 daily Latte for a $3 Misto, forego the daily newspaper and get your news from an online aggregator, skip the $8 deli sandwich and bring your lunch to work, brush your teeth after drinking coffee or eating berries to cut down on teeth-whitening costs.
I guess you have to start somewhere, but really?
I was/am having a hard time seeing how downgrading the morning brew and cutting back on teeth whitening constitute "tough times?"
Anyway, last night Nate and I were laying in bed talking about sundry things: the absurdity of that article, tax returns, financial planning. The conversation finally settled on the topic of our budget. And we both agreed that living on a budget (and when I say living on a budget, I don't mean trying to stay within a loosely defined set of financial limits, I mean deciding ahead of time where every dollar that comes into our hands will be spent and then recording where those dollars actually go,) is the best thing that's happened to our financial life. We're budget geeks. I believe my uttered words last night were: I friggedy' love budgeting. (We use YNAB, I think you already know that).
I will go to my grave saying that the first step to financial peace, prosperity, independence (what ever financial end you desire) is to live on a budget. So, I'm excited to tell you that the man behind YNAB contacted me last week and suggested a giveaway -- one copy of YNAB Pro to be given to one lucky commenter. Cool, no?
Just leave a comment telling me why you need a budget and I'll announce a winner on Monday. And in the mean time, go check out Jesse's blog -- it's good stuff.