http://money.cnn.com/2016/12/21/pf/create-budget-save-money/index.html?iid=hp-toplead-domExcerpt:
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For first budget, he'd been following general personal finance guidelines like the 50/20/30 rule that calls for half of your income to cover essentials, 20% to go to savings and financial goals and 30% for flexible spending.
But after the home purchase, he stepped up his budget game and put the accounting skills he learned in college to use.
"I decided to treat my finances like a business treats its cash flow. They don't operate on general principles, they operate in the detail and the minute," he said.
This melding of practices led to the creation of the spreadsheet he currently uses that tracks every penny coming in and out.
"It has been like night and day," he said of the difference between his two budgeting practices.
The new budget has helped him better understand his cash flow and spending habits, and he hopes to one day have enough saved that he could -- if necessary -- pay off his entire mortgage.
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Funny that the article makes this out to be unusual behavior--it's in the DNA of most of us around here, but the article treats it as "newsworthy" that someone would do such a thing. :)
