What are your budget habits?
Do you save all your credit card reciepts and then enter them in a spreadsheet at the end of the month?
Do you enter the spending from a particular day every day?
Do you use You Need a Budget?
Are you a cash and envelope user? Once the envelope is empty, your spending stops.
Do you have a particular time set aside to update your budget?
Do you use an Excel spreadsheet to record your spending?
Are you careful to write down every penny?
Are you a Quicken user?
Do you round to the nearest dollar?
Do you just purchase what you need and hope it all comes out okay?
Do you record both income and spending or just spending?
Is your budget a rule that was made to be broken or the “law of the Medes and Persians”?
Is your budget set up to balance weekly, monthly, yearly or not at all?
Are you a member at Mint.com?
If your spouse breaks the budget, do you cover their mistake and hope they don’t do it again?
Is there any portion of your spending that you do not record?
Does your spouse ever see your budget?
How do you handle a surplus in any one area?
Do you record withholding taxes on your budget or do you just keep track of take-home pay?
Are investments and retirement savings a part of your monthly budget or do you just ignore that part of your financial life?
Do you check your budget every day?
How often do you check your bank balance online?
Do you lie awake at night wondering if your budget will balance that month?
Do you just hope your spending is “in the ballpark” of your projected budget?
How long do you keep the previous year’s budget?
Do you discuss your budget with your spouse?
Do you use your credit card statement to balance your budget?
Do you budget for gifts or do those come out of emergency spending?
Do you have good budget habits or bad budget habits?
Do you even keep a budget?
Photo by iChaz