This is why I stopped budgeting and what I’m doing instead to save money as a financial minimalist. Thanks to Truebill for sponsoring this video! Check out here app here Subscribe to support me coffee addiction ☕️ Some videos you might like 5 Things You NEED To Declutter TODAY (Minimalism Series) 10 Common Things NOT Worth The Money | Frugal Living & Minimalism 20 60-Second HABITS For A MINIMALIST HOME Follow me on Instagram:

22 Replies to “I Stopped Budgeting After Learning This | Financial Minimalism”

    1. Enjoy your money! Must be nice being able to look in the mirror and be proud of yourself…

  1. i think some people may use budgets the wrong way. i have been using a budget for a very long time and it works great for my needs.

    the important thing is, before you even make a budget, you have to do research – both on the things you buy and its alternatives. how much money do you spend on food for instance? you may realize that you spend 500 usd a month on food. in some places, food are so expensive there is little you can do. in other cases, just replacing one of the main dishes with something else you like can half the food expense.

    i dont see budgets as a schedule of how you are supposed to spend money. a budget is supposed to model your spendings so that you are aware of how much money is left over and how much you can save for the future. if you never do a budget, then you wont know how much money you spend. you may not know that that pizza you buy everyday in the cafeteria accounts for over 20 percent of all your food spendings. its also more easy to motivate your self during temptations to go over the budget, because you will think :if i buy this pizza and it becomes a daily habit, my food spending will amount to 500 usd a month instead of 300 usd a month. is that a reasonable increase of spendings just for that pizza?. that way when i worked in latvia i could save over 50 percent of my income and i wouldnt enter the trap of letting the expenses eat up the whole salary.

  2. Good video I put money aside for household expenses first and careful with the rest thrift shopping is good new clothes with shop tags still on them and then I look at clothes that have been worn but still in very good condition I buy new underwear at the sales tho also food that marked down reduced and on special

  3. I 100% agree with you regarding the mindset, I technically have the financial savvy but I’m practice it’s poor I’m looking to do a no spend month just to rewire my brain towards money

  4. I not only don’t budget, I avoid spending money in stuff. If you are frugal and minimalist for sure you don’t need a budget. 🙂

  5. I have been on a no budget most of my life. I am way better at it now because now I added spend as little as possible. So basically I am always repurposing, reusing and figuring out ways to meet my needs without spending.My current goal is to deal with my medical issues and save for retirement.

  6. when you make the analogy and say budgeting is like a diet or like a gym you basically say it is a good thing for you and you should do it…

  7. < first entered BTC in 2016 and has since stored/purchased sats at various prices. I have already undergone corrections and will probably experience more in the future. Volatility is simply the price to pay if they want to play. I don't have Alt as I'm a bit of a BTC Maxi, but that said, if BTC didn't die before, it surely won't now. Stay there - yes, we all feel the pain, but in the long run it will just be a blow. This is how I view past corrections when I felt I had hit a high (at the time I think it was under $1000 and bouncing all over the place!). Now when I look back, all I see is regret that I didn't have the courage to buy more at those times. But if you think BTC has value, then definitely buy the dips if you can afford it. For those who entered 60 or 70K and are feeling the crunch: hang in there. I have witnessed the last 3 cycles and just before each bull run the amount of bear posts and negativity around crypto is just like it is now. Bitcoin is entering the area of ​​where a bottom will be formed IMO. Please note this could take months and there will likely be further volatility in both directions. Absolutely cool update, still ongoing from my bitcoin day trading session with Brooks Harrison to watch closely Over a span of at least 9 weeks I was able to accumulate a total of 6.7 btc after trading with my initial 0.8 btc. Technical analysis is my second You can reach him on ͲeIєɠɾαm @Brooksharrison and on whatsapp @+18065020996. Bravo and thank me later.

    1. If I hadn’t experienced this myself I would have said these are all lies but I made withdrawals a few days ago and that’s a thing I found with other brokers and impossible but Mr Brooks makes it possible.. .. It was like magic when I received my money

    2. That’s exactly what big investors are talking about, not just you. It is important here to always trade with a good strategy, even if the price rises or falls

    3. I was also thinking about day trading bitcoin… I really hope Brooks will guide me to make profits daily too

    4. My first investment with Mr. Brooks Harrison brought me a profit of over $75,530 since he’s been delivering I’m so happy that my life has totally changed. I increased my 2Btc to 4Btc in less than three to five weeks of investment.

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