Budgeting isn't as straightforward as it seems

[Emitdama]

I realized that because I was earning well each month, I was indulging in more without really noticing it.
So, when you're budgeting, always look at both sides: how much you spend and how much you earn. The latter figure has a much greater impact than most people realize.

I think it's a pretty basic thing to understand for any individual who is earning and managing their finances themselves, because our lifestyle changes based on how much money we earn, and you can't really stop that from happening, changes happen automatically. When you are earning less, you will know you can't afford much, so your mind will automatically make you adjust with normal stuff, but that changes as soon as you start making more money, now your mind knows that you can afford better things, so you start spending more on the same things that used to take less money earlier when you weren't earning much.

This thing isn't limited just to materialistic things, it happens with food and everything else that you do. We all have desires related to every single thing in life, be it our house where we live, the food we eat, the cloths we wear, and the places we go to, and these desires need financing, which is why when we start making more money, we start fulfilling our desires and wishes. If we used to eat whatever we could get in the budget before, we now start eating things that we like eating because we can afford to do that.

This is basically how your expenses adjust based on how much money you earn.

[Don Pedro Dinero]

So, when you're budgeting, always look at both sides: how much you spend and how much you earn. The latter figure has a much greater impact than most people realize.

That’s what usually happens. When people start getting their finances in order, the first thing they think about is saving – it’s usually the first step. But if you manage to increase your income after that, you’ll see a boost in your finances, because you’ll already be used to keeping track of your figures and saving, and you won’t fall into the trap of a rising cost of living, meaning you can put the surplus towards further savings and investments.

[fruktik]

Some might find it surprising—perhaps even amusing—but I was horrified to discover how much money I spend on beer each month. It’s a truly substantial sum. After mulling it over for a few days, I’ve concluded that it’s time to give up this drink, even though I’ve always been quite fond of it.

Quite simply, my budget just doesn’t add up. I’ll have to either cut it out entirely or at least significantly reduce my consumption. It’s high time I got my personal finances in order—and took better care of my health, too. I’m also considering removing certain other items from my diet that have a negative impact on my overall well-being.

[Somegory]

This is how more money more problems plays out  
It starts with you not knowing that you need to keep more as you start earning more.

I also struggles with this but knowing and taking responsibility is how you fix it, if you are used to keepinv $100 for some budget and you started earning double normally you are to start keeping more but something happens that people rather start spending more.

It's better to notice and adjust it, or you won't improve in your savings, what you keep is what you will get even if you are making more money.

[Marvelockg]

It turns out that our income dictates our expenses.  I realized that because I was earning well each month, I was indulging in more without really noticing it.
So, when you're budgeting, always look at both sides: how much you spend and how much you earn. The latter figure has a much greater impact than most people realize.

The way you check how disciplined you are is when you have the means to get what you want and you are still able to have restraint and control over your it. Sometimes, we even make budget on how to spend our income and end up shattering it when wants arises. when doing personal budgeting, you have to look at what you can allow and how you respond to stress because since you are the one that is in control of things, it is most likely that fail when it comes to accountability.

In doing personal budgeting, there is need for proper accountability and some times you might even need an accountability partner that helps ensure that you are following things just as you have outlined it.

[danherbias07]

This is crucial as the family grows. Like me, we are expecting another baby, so discipline in the budget is a must.

Truly, it is not that easy. Emergencies will happen, and as a family man, you should save for health because the budget can suddenly run short when one or two family members get sick.
Medicines are not cheap, and sometimes they will eat away at the daily budget for the whole family. So, for anyone who is trying to start a family, be sure that you are good at making budgets for everything. We are both working and yet sometimes it's still not enough.

[Achalugo BTC]

This is crucial as the family grows. Like me, we are expecting another baby, so discipline in the budget is a must.

Truly, it is not that easy. Emergencies will happen, and as a family man, you should save for health because the budget can suddenly run short when one or two family members get sick.
Medicines are not cheap, and sometimes they will eat away at the daily budget for the whole family. So, for anyone who is trying to start a family, be sure that you are good at making budgets for everything. We are both working and yet sometimes it's still not enough.

I understand what you mean, and honestly, it is not easy at all, especially as a family man. Even when both of you are working, emergencies will keep occurring, forcing you to use the money you have saved for the future. Well, it is necessary for one to stick to a budget and at the same time, split your savings, one portion for basic needs and the other for emergencies. This helps reduce unnecessary spending and stress while bringing peace of mind, even though it is easier said than done.

[Marykeller]

There's this one thing I learned: people will be willing to spend according to how they earn. If they earn less, their spending will be less. If they earn big, there is a whole lot of bills to be settled each time, from families. We can't escape that because life throws at us the expenditures we can handle "financial

I remember years back when I had no money; I could manage the little money I earned for a long time without issues. But now, that little money I can't manage it no matter how I try because there are many things to sort out with money

[red4slash]

It all back to adjustments and we are indeed required to do so from the beginning.
Large income indirectly the expenses made are also adjusted because we will obey the standards of the income we get before so when we are in a period that is not too comfortable for the income we receive then unconsciously we will also adjust (although this will be a little forced) so as not to make our income run out just because of expenses that are sometimes mostly unnecessary.

It's just that sometimes most who feel this will be a little difficult when their standards are already a little higher but forced to be lowered which makes this look simple but it becomes difficult to do.
Sometimes we take this too lightly and even consider this not too important even though from the beginning when talking about the economy then this is the basic thing that we must do where budgeting (although not easy) must be the initial plan so that our economic conditions are more organized.

[Rockstarguy]

So, when you're budgeting, always look at both sides: how much you spend and how much you earn. The latter figure has a much greater impact than most people realize.

It is very important for people to know how much they spend, but I do not have weekly calculations for it at all, probably because I do not spend more than 15 to 20% of the amount of money that I am earning. So I just take 20% from my weekly earning and which I budget for spending. In most time, I do not finish spending it throughout the whole week.

But if anyone is noticing that he is spending not wisely, he can calculate how he is spending the money. Sometimes what caused it is because the amount of money earned is not that much, though it can be enough.

Budgeting is very good; it guides one on how to spend and manage their money on the right things, and with this, they can easily trace back how their money was spent. But it seems these days many working-class individuals don't even remember budgeting anymore because of inflation and increased expenses that are beyond control.

Nevertheless, irrespective of inflation that is causing people to spend more on expenses, budgeting still remains relevant. At least it still helps people to always think of the most important things, even when there are more expenses to cover. If one wants to handle money well, budgeting is the best strategy.

[Kryptowerk]

A few years ago, I noticed my money was going out incoherently. So, from that moment on, I decided to keep track of how much I was spending and on what. I downloaded a budgeting app.
I divided it into categories: public transportation, health, groceries, household items, taxis, cat, other expenses, entertainment, rent, and clothing.
And I started keeping track of it month after month. It seemed simple. But listen up. I calculated my average monthly expenses and decided that this would allow me to forecast my expenses and understand my remaining funds. But when my work and investing started to go south, I was horrified because I realized I wouldn't have enough money next month. I was very worried, because I'd been able to see how much I was spending for years (I tried to be frugal). Now I've lived through a month spending 20 percent less than usual, without restricting myself from basic needs.

Why?

It turns out that our income dictates our expenses.  I realized that because I was earning well each month, I was indulging in more without really noticing it.
So, when you're budgeting, always look at both sides: how much you spend and how much you earn. The latter figure has a much greater impact than most people realize.

Not exactly revolutionary insight but still a decently good post.
Indeed it has been shown in countless studies, that higher income does not necessarily equate to higher wealth or better savings. And this is due to people quickly scaling up their average "regular" spendings. The other way around needs more effort.
It's a good reminder to try and trim down spendings that are not necessary, I think especially any kind of "impulsive" spendings are what can be avoided and will add up in saved money quickly.

[BABY SHOES]

You did something right, about setting your monthly budget, which other people never do and never record expenses.

I've seen a lot of podcasts about learning financial literacy, how to draw up a budget by recording how big / small our expenses should be recorded, otherwise you might not realize buying unnecessary things.

With the notes written in the application it becomes easy to find out what items are purchased, and which items do not need to be purchased again in the future for the sake of saving, this is very important for anyone.

I have been running this for about 6 months, by setting this strategy, thank God it can now be more efficient after all it is recorded.