Re:Simple Bank Is Closing
by simple20200107 on Friday January 08, 2021 @12:51PM
(#25687463)
That's fair, and I hope I don't come across as crass or overly privileged, but the problem is still _what_ you are spending the money on. I could make $250k/year, budget to spend every penny, and still live paycheck-to-paycheck. That is a recipe for disaster for when a real emergency arises. Having an emergency fund is the #1 goal for personal finance, and reduces the severity of a lot of other issues like slightly overspending in a category one month.
Probably a lot of us on HN can get by without a budget, because we are generally highly paid, so just keeping spending within reason is all it takes.
If you actually need to budget, then it would be nice to have tools to remind you that you've spent all your X money for the month/year, so either no more of that, or you need to adjust the budget.