weruroverlord95 OP t1_j6invco wrote on January 30, 2023 at 4:41 PM

Reply to comment by A3thereal in Review my budget please by weruroverlord95

Thanks. I'll review my water bills and check for any discrepancies.

I'm focused on paying off debt right now so the wife and I have cut out "fun" money until then. I've halted savings contribution until then. Plan on having it paid off completely by July.

A3thereal t1_j6iob2s wrote on January 30, 2023 at 4:44 PM

>focused on paying off debt right now so the wife and I have cut out "fun" money until then

That's fair, but those additional debt payments should added as a line item as well. I would recommend caution in completely removing 'fun' money from your budget as it makes it difficult to follow your budget. One compromise can easily snowball to the point a budget gets ignored outright. Instead of eliminating consider leaving yourself $50 for a date night to allow the flexibility.

weruroverlord95 OP t1_j6iopfp wrote on January 30, 2023 at 4:47 PM

Thanks for that input. That makes total sense. I would imagine burnout after a month or two. Will look into including this on the budget list.

A3thereal t1_j6iqfb6 wrote on January 30, 2023 at 4:57 PM

Yeah. There's an excitement to creating a budget, the prospect of financial independence from high-interest debt. A honeymoon period if you will. It fades fast and the reality of adhering to it will hit hard. For some people it's a couple of weeks later, for some it's a few months. It almost always hits though.

Knowing it's in the budget makes it a choice not of whether to follow the budget, but how best to allocate that part of the budget.

weruroverlord95 OP t1_j6iqphv wrote on January 30, 2023 at 4:59 PM

Making a plan for every dollar and executing it. I appreciate the feedback, truly!