Plans have their place. In the real world and if you want to achieve something they are essential. Reading Lena's blog about budgeting this morning made me think about this. I like to be spontaneous. I hate having events coming up which hang over me like the sword of Damacles. Last minute surprises are far more appreciated but I know this is fine for my social life but not for 'real life'. And it took me ages to learn this, which is why I was still getting bank charges for going overdrawn well into my thirties. Thank goodness for online banking, especially as a phone app, it has made me so much more aware.
Anyway getting back to Lena. Two major things lept out at me from her writings:
According to a poll from Gallup, only 32 percent of Americans have a monthly budget, and just 30 percent have long-term financial goals. Even more surprising is a statement that "those with at least some college education, conservatives... and those making $75,000 a year or more are slightly more likely to prepare a detailed household budget than are their counterparts". Is this correlation or causal? Are they earning more etc because they make plans. I don't know but its a bit of a coincidence. Even amongst my friends and family I am astounded how many don't have budgets. Maybe they can manage without one but I just end up with too much money at the end of my month without a budget plan.
And I honestly believe, the more money you make, the more "needs" you have. I've seen it in our family with every single raise :) On the other hand, when you lose a source of income, you surprise yourself at how creative you become with what you have (again, true story!). So true, even with budgeting lifestyle inflation gets n the way.
Pop over to Frugal and Thankful to pick up a few other gems from Lena.
So today I am planning (see what I did there??) to collect 900 bricks which I have bought off Gumtree (saving about £400). I am also planning to not have time for much else except cooking some dinner for all. There are times you need to plan and times you dont :)