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Originally Posted by hotwired  When you budget, you are creating a "plan". By creating this plan you are indeed putting your "attention" on it. Now, the law of attraction works by giving you that which your attention is on. Now the "action" of doing a budget does not necessarily bring ANY result, it's the intent and emotion behind it. In other words, are you creating a budget because you're afraid you're going to get in trouble if you don't? Or are you creating a "spending" plan complete with an income that's increasing? And what state of mind are you in when you do your budget? I personally used to do my business budgets very conservatively, because my mindset was being "right'. If I budgeted $150,000 gross income and only took $100,000, I'd feel stupid and wrong. NOW that I've "studied up" so to speak on the LOA, I set the budget a little higher and then look forward to breaking it on the high side. So far it's looking great! I've taken in $16k more than budgeted so far and KEPT (profit) $10,000 more than expected. |
That's awesome! I'm going to give that a shot.
What I've done is make myself a budget based on percentages. Whenever money comes in, a certain percentage goes to fun money, savings, and charity. A fixed amount goes to the mortgage, etc. Then I have a plan for what to do with the excess. (This assumes there will be excess, thus making it more likely that excess occurs.) I don't plan on a certain amount of excess; I'm ready for whatever comes in. So I'm not using the budget to limit myself (I'm ready for any amount that comes in) but I'm not using it to expand myself either (I just accept whatever happens). I call it neutrality-based budgeting.