Reply to We're thrifty, but terrible at budgeting, is there really a benefit to it?

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[quote=Anonymous]Newly married and we're generally in good financial shape (we save a lot, don't eat out much, modest apartment, etc.) but having a really hard time with a formal budget.  I've been tracking our expenses on mint a lot closer lately and I'm still having a hard time coming up with a budget as I've always bought what I needed while carefully considering the value and necessity of the purchase as compared to a formal budget where you get a chunk of money to spend every month.  In a way, I think we'd waste more money with a budget because it might lead to us spending money just because it's allocated in the budget.  There's also a fair amount of transactions that don't neatly fit into any of our categories but I hate the idea of a large "misc." budget.

Obviously, we carefully consider major decisions (car, apartment, etc.) to make sure we can afford it and that it is a good value and we're conscious of how we spend money on smaller decisions (got the cheapest cable package with not many channels, minimal cell phone plan, always buy stuff on sale at the grocery store).  So do we really need a formal budget or can we just keep using our method of evaluating the merit of individual purchases?[/quote]

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