For those of you who missed Where’s My Money Going? Month and would prefer to get back into budgeting as part of a group activity, check out Gather Little by Little’s 30 Day Budget Dare.

If you find the idea of budgeting scary or limiting, check out my article on why not budgeting is more frightening than budgeting. In this case, I include knowing your cash flow in with budgeting. If you’re on top of where your money’s going, that’s as good as any budget as long as you’re also controlling it. Not knowing what you have leads to more nagging feelings and worrying than knowing outright what you can and can’t do.

I think that if you want to make any change in your financial situation, you have to use some form of a budget, which is why I write about it so often. I have a free spreadsheet you can download to create a budget and track your spending: [download#8#nohits]

Already on top of your spending? That’s great. However, it’s not a reason to rule out budgeting. The snowflake method of paying off debt also works for saving for goals. And one of the best ways to snowflake is to look at the leftovers from your budget. You can also track gross inflow + gross outflow, but I like seeing it spelled out.

So if you’re interested, head on over to Gather Little by Little and join the budget dare.

{ 2 comments… read them below or add one }

Gibble April 23, 2009 at 7:14 am

Thanks for promoting my budget dare! I really appreciate it.

Gibble’s last blog post: What should I have done?

Miss M April 23, 2009 at 4:02 pm

I love budgeting, does that make me weird? I visit my budget spreadsheet pretty much daily and have been for the last 8 years. But I still don’t track my spending that well, I’m trying.

Miss M’s last blog post: Foreclosure! The Mystery Is Solved

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