Comments on: 3 Dangers of Conventional Budgeting http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sun, 12 Feb 2012 05:07:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: lucy http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-45517 lucy Tue, 09 Feb 2010 22:24:38 +0000 http://www.mint.com/blog/?p=5647#comment-45517 I have been putting due dates directly into my Outlook calendar, which syncs to my iphone. If I put the due date a few days BEFORE it's actually due, then I can make sure i pay online and on time. Calendar works for me. I have been putting due dates directly into my Outlook calendar, which syncs to my iphone. If I put the due date a few days BEFORE it’s actually due, then I can make sure i pay online and on time. Calendar works for me. ]]> By: UR12 http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-44262 UR12 Sat, 16 Jan 2010 17:00:05 +0000 http://www.mint.com/blog/?p=5647#comment-44262 Does Mint record pay transactions for years and that may be used in reports or IRS filings? Regards; PS I like the idea of running an accounting program on the net. Super cool. Does Mint record pay transactions for years and that may be used in reports or IRS filings?

Regards;
PS I like the idea of running an accounting program on the net.

Super cool.

]]> By: Lisa http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-43506 Lisa Sat, 26 Dec 2009 01:04:29 +0000 http://www.mint.com/blog/?p=5647#comment-43506 I enjoy the mint budgeting tools, however two changes would really help my budgeting immensely: 1. The ability to create a budget before the month begins 2. A calendar feature where I can note the days that certain bills are due or create reminders for when they are due (ie. rent due the 1st, cable bill due the 15th, paycheck comes the 12th etc.) I would enjoy these changes. I have a feeling others may benefit from them as well. I hope developers read this and take these suggestions into consideration. I enjoy the mint budgeting tools, however two changes would really help my budgeting immensely:

1. The ability to create a budget before the month begins

2. A calendar feature where I can note the days that certain bills are due or create reminders for when they are due (ie. rent due the 1st, cable bill due the 15th, paycheck comes the 12th etc.)

I would enjoy these changes. I have a feeling others may benefit from them as well. I hope developers read this and take these suggestions into consideration.

]]> By: Jerry http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-40789 Jerry Wed, 21 Oct 2009 06:04:21 +0000 http://www.mint.com/blog/?p=5647#comment-40789 $3,000 of little items a year might seem like a small dip into your overall debt, but $3,000 on a $24,000/yr salary is all but insignificant. These 'tips' seem to be to those with a large paycheck, and little debt. Those types most likely aren't on Mint looking for tips to save. $3,000 of little items a year might seem like a small dip into your overall debt, but $3,000 on a $24,000/yr salary is all but insignificant.

These ‘tips’ seem to be to those with a large paycheck, and little debt. Those types most likely aren’t on Mint looking for tips to save.

]]> By: Lee http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-38723 Lee Tue, 06 Oct 2009 22:01:02 +0000 http://www.mint.com/blog/?p=5647#comment-38723 The article is right and wrong in some ways. As long as you don't "overspend" in the small expense area it's fine to continue that way. However, if it is taking a large chunk out of your expense and you're still pining away for that Ipod or new jacket you saw in the store, then maybe it's time to rethink how you spend your money. I absolute agree with the last paragraph on looking at the big picture. I have a set amount that I'm determined to put away every month BASE on the amount I'm comfortable in spending and an amount that's reasonable. So far it has worked fabulously for me. The article is right and wrong in some ways. As long as you don’t “overspend” in the small expense area it’s fine to continue that way. However, if it is taking a large chunk out of your expense and you’re still pining away for that Ipod or new jacket you saw in the store, then maybe it’s time to rethink how you spend your money.

I absolute agree with the last paragraph on looking at the big picture. I have a set amount that I’m determined to put away every month BASE on the amount I’m comfortable in spending and an amount that’s reasonable. So far it has worked fabulously for me.

]]> By: Save Money Hound http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-37590 Save Money Hound Sat, 19 Sep 2009 01:43:54 +0000 http://www.mint.com/blog/?p=5647#comment-37590 If you stick with the big picture and maintain focus on your goals, you won't need to sweat the small stuff. Budgeting can be tedious. But after you have done all the tedious stuff to see how you spend your money, sit back and review the results to see how you have gone against your big picture goals. If you stick with the big picture and maintain focus on your goals, you won’t need to sweat the small stuff. Budgeting can be tedious. But after you have done all the tedious stuff to see how you spend your money, sit back and review the results to see how you have gone against your big picture goals. ]]> By: Jenny http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-37422 Jenny Wed, 16 Sep 2009 17:57:43 +0000 http://www.mint.com/blog/?p=5647#comment-37422 Really liked the point about budgeting your savings. Focusing on the minutiae is tiresome and tedious. Focusing on the big picture seems the right way to go. It also feels like you are focusing on a positive rather than on what you can no longer have. Great post. Really liked the point about budgeting your savings. Focusing on the minutiae is tiresome and tedious. Focusing on the big picture seems the right way to go. It also feels like you are focusing on a positive rather than on what you can no longer have. Great post. ]]> By: George http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-37212 George Tue, 15 Sep 2009 12:13:55 +0000 http://www.mint.com/blog/?p=5647#comment-37212 So far for me, budgeting is the tool I use to avoid using credit for my everyday expenses. That's because there is not enough money for everything ad something has to be left out. This is more an income problem than a budgeting problem. But due to some circumstances on my life, budgeting allows me to live by. So far for me, budgeting is the tool I use to avoid using credit for my everyday expenses. That’s because there is not enough money for everything ad something has to be left out.

This is more an income problem than a budgeting problem. But due to some circumstances on my life, budgeting allows me to live by.

]]> By: Eugene http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-37169 Eugene Tue, 15 Sep 2009 05:51:01 +0000 http://www.mint.com/blog/?p=5647#comment-37169 This is a great blog! the information here is very insightful! I learned so much from this post! Thank you! This is a great blog! the information here is very insightful! I learned so much from this post!
Thank you! ]]> By: David@DINKS Finance http://www.mint.com/blog/how-to/3-dangers-of-conventional-budgeting/comment-page-1/#comment-36216 David@DINKS Finance Mon, 31 Aug 2009 17:46:05 +0000 http://www.mint.com/blog/?p=5647#comment-36216 I'm not big on budgeting (or frugality for the most part) and I think your three warnings hit the nail on the head - you should enjoy life and look to expand your horizons. I think that budgeting too much might take away time from possibly learning how to increase your income - thereby offsetting the budget "cuts" you had to make. I also believe learning how to bring in an extra line of revenue is much more valuable than the time spent counting pennies. I’m not big on budgeting (or frugality for the most part) and I think your three warnings hit the nail on the head – you should enjoy life and look to expand your horizons. I think that budgeting too much might take away time from possibly learning how to increase your income – thereby offsetting the budget “cuts” you had to make. I also believe learning how to bring in an extra line of revenue is much more valuable than the time spent counting pennies. ]]>