Focus on Cash Flows, Rather than Expenses, to Spend Without a Budget

Budget are a great way to keep track of how much you spend.

They’re not the only way, though.

Finance blog Money Ning suggests automating your necessary cash flows, then spending the rest.

As the site explains, we all have static expenses that have to be spent every month.

Rent, insurance, debt, and savings.

Once these are covered, however, budgeting every single extra category starts to become cumbersome.

The important things are covered, and we spend what’s left until it’s gone.

Of course, that doesn’t mean you should blow through every dollar you receive.

Once those are in place, you might spend the rest and be good to go.

MoneyNing even suggests funneling everyday purchases through a credit card and paying it off entirely every month.

How I Track My Money (and Still Save) Without Using a Budget| Money Ning

Photo byJayson Ignacio.