Comments on: Why We’re Not Designed to Follow Budgets–There’s More to Life http://mindyourdecisions.com/blog/2008/05/29/why-we%e2%80%99re-not-designed-to-follow-budgets-there%e2%80%99s-more-to-life/ Articles on game theory and personal finance Sun, 20 May 2012 23:31:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Marco Lalama-Gross http://mindyourdecisions.com/blog/2008/05/29/why-we%e2%80%99re-not-designed-to-follow-budgets-there%e2%80%99s-more-to-life/comment-page-1/#comment-2428 Marco Lalama-Gross Tue, 26 Aug 2008 15:09:27 +0000 http://mindyourdecisions.com/blog/2008/05/29/why-we%e2%80%99re-not-designed-to-follow-budgets-there%e2%80%99s-more-to-life/#comment-2428 There is a fine line between wants and needs. I think maturity plays a defining role on this subject. I have to quote guitarcraft.com: "A reliable sign of maturity is that one has established a responsible attitude towards the acquisition, generation and dispersal of money; A reliable sign of immaturity is that one is unable to recognise this maturity in others." While we like to think that the best things in life are free, I find that this is true only in our ocassionally iluminated selves. Many times we fail our highest purposes and cling to our earthly desires. However, this article gives us good advice: balance your wants and needs. There is a fine line between wants and needs. I think maturity plays a defining role on this subject. I have to quote guitarcraft.com:

“A reliable sign of maturity is that one has established a responsible attitude towards the acquisition, generation and dispersal of money;
A reliable sign of immaturity is that one is unable to recognise this maturity in others.”

While we like to think that the best things in life are free, I find that this is true only in our ocassionally iluminated selves. Many times we fail our highest purposes and cling to our earthly desires.

However, this article gives us good advice: balance your wants and needs.

]]> By: Make Saving Money Fun, for the Right Reasons : Brazen Careerist http://mindyourdecisions.com/blog/2008/05/29/why-we%e2%80%99re-not-designed-to-follow-budgets-there%e2%80%99s-more-to-life/comment-page-1/#comment-1906 Make Saving Money Fun, for the Right Reasons : Brazen Careerist Wed, 04 Jun 2008 10:59:21 +0000 http://mindyourdecisions.com/blog/2008/05/29/why-we%e2%80%99re-not-designed-to-follow-budgets-there%e2%80%99s-more-to-life/#comment-1906 [...] The same idea holds with money. You can probably get rich by pursuing artificial goals that experts lay down for you (save 10 percent, super charge your career, etc.). But you will probably get sidetracked easily. It is better to understand the reasons and then enjoy your path. If you know why you spend money, for instance, you might not even need to budget. [...] [...] The same idea holds with money. You can probably get rich by pursuing artificial goals that experts lay down for you (save 10 percent, super charge your career, etc.). But you will probably get sidetracked easily. It is better to understand the reasons and then enjoy your path. If you know why you spend money, for instance, you might not even need to budget. [...]

]]> By: Kyle Johnson http://mindyourdecisions.com/blog/2008/05/29/why-we%e2%80%99re-not-designed-to-follow-budgets-there%e2%80%99s-more-to-life/comment-page-1/#comment-1858 Kyle Johnson Fri, 30 May 2008 11:09:19 +0000 http://mindyourdecisions.com/blog/2008/05/29/why-we%e2%80%99re-not-designed-to-follow-budgets-there%e2%80%99s-more-to-life/#comment-1858 So the best things in life are totally free, but the the lower tiers still cost money anyway. I always approached my money situation with not much in mind, but aware of how much I spend on what, and how often. As far as budgets, I've always figured my time is better spent doing things I like to do, as opposed to finding out how much money I don't have to spend. So the best things in life are totally free, but the the lower tiers still cost money anyway.

I always approached my money situation with not much in mind, but aware of how much I spend on what, and how often.

As far as budgets, I’ve always figured my time is better spent doing things I like to do, as opposed to finding out how much money I don’t have to spend.

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