Comments on: Value Based Budgeting = More Happiness for Your Dollars

By: Joel

Joel — Wed, 08 Sep 2021 14:04:55 +0000

People did it to me when I was a server back in the day. I remember someone’s bill once was $100 one night, and they gave me a $100 tip on top when they paid. It absolutely changed my life.

It’s less about the money. More about paying it forward to others and changing their day. :)

By: Joel

Joel — Wed, 08 Sep 2021 13:55:49 +0000

In reply to Mr C. Tracking your spending can lead to some great realizations! :)

By: Dividend Power

Dividend Power — Wed, 08 Sep 2021 12:51:33 +0000

Not sure I can tip someone $30 for $20 dinner. But I like your concept.

By: Mr C

Mr C — Wed, 08 Sep 2021 11:07:25 +0000

If you’re not a budgeter, but do track and review spend every now and then, its a great exercise to line your spending up against your values.

By: Joel

Joel — Wed, 08 Sep 2021 00:54:38 +0000

In reply to David @ Filled With Money.

Glad to hear you’re letting loose a bit and enjoying the money you spend. I still look at price tags, but since there’s usually budget to spend – I spent it anyway! :)

By: David @ Filled With Money

David @ Filled With Money — Tue, 07 Sep 2021 23:51:01 +0000

Price is what you pay and value is what you get. I’m slowly loosening the wallet a little bit and spending more on things without really caring or looking at the price tag and it’s been such a liberating feeling.

Value based budgeting sounds a lot like value based investing and those two are good ideas.

By: Joel

Joel — Tue, 07 Sep 2021 18:56:27 +0000

In reply to Kevin.

Congrats! Good to hear.

When I had a Prime membership i felt an obligation to buy everything on Amazon… to make the most of my subscription. Turns out many other places offer cheap goods online, and usually fast/free shipping.

I’ve also noticed that even when I buy on Amazon and select 5 day shipping (or whatever is free) I usually get my stuff in 2 days anyway. If it’s in their warehouse, it’s in AMZ’s best interest to ship as fast as possible anyway. It’s not like they hold onto the order longer or use a slower shipping method… Most of my stuff comes faster and i don’t have to pay for it.

By: Kevin

Kevin — Tue, 07 Sep 2021 18:09:40 +0000

We recently dumped Amazon prime as well. Turns out that you can survive without getting the items that you order the same or next day. I can’t wait to track how much money we save not only on the Prime subscription but the anticipated fewer impulse Amazon purchases.

By: Joel

Joel — Tue, 07 Sep 2021 16:54:30 +0000

In reply to The Ship’s Ledger.

Rum/Whisky sounds so fun! That’s a cool thing to look forward to each month.

I think many people are a little negative about their budget or feel “guilty” all the time for messing up things. But we should remember that WE MAKE the budget… So we can put whatever reasonable things in there that bring us true joy. Glad you figured this out and enjoy the process more :)

By: The Ship's Ledger

The Ship's Ledger — Mon, 06 Sep 2021 06:29:42 +0000

Hi Joel, thanks for such a good read. I found that I had to shift my thoughts on budgets later in life. I was being too restrictive and not adding any fun to the process. So, when I wasn’t having fun and it was too restrictive, I just threw it out the window.

It wasn’t till later I found that part of life is finding those valued items or entertainment to make the journey worthwhile!

What do I spend my money on that makes me happy? Once a month I like to spoil myself to a nice bottle of rum or whisky, to sit down and relax with.