Fossilized?

Budgets (or spending and investing plans) should be dynamic, not fossilized.

Fossilized budgets have no life.

You bought insurance from a guy 20 years ago and have never shopped around.

You buy a new Chevy because that is what you've always done.

You always buy your clothes from the mall because that is what Mom did.

You never study tax books because how much could the laws change? And the laws are so confusing anyway.

Your vehicle is broken and you know that all mechanics will charge you the same amount to fix it.

The opposite of fossilized is dynamic, lively or spirited.

Dynamic budgeters shop for deals. They don't constantly deny themselves, rather they seek premium goods at a discount.

As I write this I am wearing Skechers bought at a thrift store at a 90% discount.

I bought a replacement wedding ring (lost my first while helping a neighbor) for 75% off of new.

Some pundits would encourage denial: Don't wear name brands. Don't replace a lost ring. Cut your own hair with sharp rocks. Use saliva instead of shampoo.

I think a better approach is to discover your needs and wants and then pursue the best ones at a discount.

Keep fossils in the museums.

But you? Develop dynamic budgets. Look for better pricing on premium goods.

(Photo courtesy Wikipedia)