# MrLowBudget - Presentation + some questions

**URL:** https://forum.mustachianpost.com/t/mrlowbudget-presentation-some-questions/5825
**Category:** Share your story
**Created:** [March 3, 2021, 3:15pm UTC](https://forum.mustachianpost.com/t/mrlowbudget-presentation-some-questions/5825 "2021-03-03T15:15:08Z")
**Posts on this page:** 1
**Showing post:** 8

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### Author: ![San\_Francisco](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/s/ea5d25/32.png) [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)
#### Post date: [March 5, 2021, 12:16pm UTC](https://forum.mustachianpost.com/t/mrlowbudget-presentation-some-questions/5825/8 "2021-03-05T12:16:44Z")

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> [@MrLowBudget](#):
>
> Good advice in the 4th point I was not seeing like this.

I personally don’t do much budgeting or spend time on it. The only thing I deliberately budget is probably my amounts to be invested/saved.

1. I **calculate** the - as you call it - “ **mandatory** things”. At most once a year. Every 2 or 3 years is probably enough, unless your circumstances change significantly. With only a small margin for additional expenses.
2. Then I **budget** an amount that I want to **invest/save** every month. This gets transferred out of my current account as soon as I receive my wage.
3. Everything else gets paid through me **credit card** (even the mobile phone bills now).
4. Comparing my monthly **credit card statement** to my bank account balance provides instant **feedback**. I am paying my credit card bill in full every month. As long as I can do this without my current account going into the red, I know that my budgeting for the month has worked out.
5. Any remaining balance will get saved as well. My bank account will pretty much be at zero before payday.

(I’ve previously written about it [here](https://forum.mustachianpost.com/t/yearly-payments-vs-monthly-payments/4943/8) and [here](https://forum.mustachianpost.com/t/how-to-track-expenses/2521/5))

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