Does budgeting your money inhibit your Abundance Mindset?

[n_vizion]

I was reading Steve's blog on the abundance mindset and I agree completely with his main points. I was wondering if you believe that creating a budget for every cent earned works to negatively impact the abundance mindset.

[hotwired]

I'm curious about those types of questions. I call them "reconciling questions". ie, How do you "reconcile" this thought with this belief. My two cents on THIS particular one is as follows;

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.

An example of the "energy" vs. the "action" is when you save. When you "save for a rainy day" , you're "calling for" a rainy day. When you save for great travel, new house, child's education, you're calling on those things instead.

Hope this helps, and I'm right there with you, I still have some pesky questions that "bump" into each other in the night.

[RT Wolf]

I agree with the above post in pretty much every point, and I'd like to point out a difference. If you're the sort of person which gets antsy without a 3 month minimum emergency fund, by all means, create one. Because if you don't have one, and you'll be worrying about it, then you'll be attracting more of that which you are afraid of. However, if you have one and you don't think about it anymore except to get a nice sense of security every time you think about it, then its good. You might even call it a security fund rather htan an emergency fund.

And like the above said, its not what it actually is, its how YOU relate to it. There are people who relate to a 10,000 dollar a month income as too little.

[ahimel]

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.

[safiya]

Heyho

I agree with what Hotwired has said - have just finished a book that explains this concept as either working/saving because 'we need money to pay bills' thus moving away from pain, compared to working/saving because 'we have a wonderful life and live well' thus moving towards abundance/joy etc.

This little snippet really resonated with me as I have experienced both mindsets and know the 'joy' one is the one that brings just that, whereas the 'bill paying' mentality brings just that!

Good luck with your budget, or should I say, 'planning your Abundance' - I'm going to revamp ours over a glass of wine and pop some great music on!

Cheers

Saffy