Yet this word stresses some out....B-U-D-G-E-T, in actuality the meaning of the word doesn't justify it's true meaning. No really, Dictionary.com states that a budget is an estimate, often itemized, of expected income and expense for a given period in the future; a plan of operations based on such an estimate; an itemized allotment of finds for a given period. In reality the word budget means discipline.
That's right D-I-S-C-I-P-L-I-N-E
You can right it all down till your pen falls apart, you can act it out till you have it all memorized and you can even talk about it til you are blue in the face. But until you actually live by it, it is nothing other than a piece of paper with a bunch of numbers scribbled on it.
To live by the budget you must
- (Besides) write it ALL down on paper
- give EVERY $$ a name
- BURN the envelopes
- and STICK WITH IT!!