From this outsider’s perspective, it looks like your potential budgeting plan is a solution in search of a problem.
The traditional problem budgeting is intended to solve is “outflow of resources exceeds inflow of resources.” If that isn’t your problem, then there is every reason to think the amount you spend on different things is a reasonable way of converting money into happiness for you.
But if you’re not sure you are converting efficiently, I wouldn’t try a budgeting task. Instead, I would examine your spending for easy improvements in happiness/money ratio. Toy example: Starbucks coffee is too expensive for the happiness it gives? Buy a coffee machine.
If you are concerned you aren’t saving enough, that’s also a separate investigation from budgeting.
My discussion assumes that you already have a moderately detailed understanding of where your money goes each month—as your post suggests. If you haven’t done that, I suggest you try. Just keep your receipts for a month and then sit down for an hour or so with Excel.
From this outsider’s perspective, it looks like your potential budgeting plan is a solution in search of a problem.
The traditional problem budgeting is intended to solve is “outflow of resources exceeds inflow of resources.” If that isn’t your problem, then there is every reason to think the amount you spend on different things is a reasonable way of converting money into happiness for you.
But if you’re not sure you are converting efficiently, I wouldn’t try a budgeting task. Instead, I would examine your spending for easy improvements in happiness/money ratio. Toy example: Starbucks coffee is too expensive for the happiness it gives? Buy a coffee machine.
If you are concerned you aren’t saving enough, that’s also a separate investigation from budgeting.
My discussion assumes that you already have a moderately detailed understanding of where your money goes each month—as your post suggests. If you haven’t done that, I suggest you try. Just keep your receipts for a month and then sit down for an hour or so with Excel.