3 Reasons Why Budgeting Sucks
It is said that about 70% of lottery jackpot winners lose everything within two or three years and yet the vast majority of those with money problems are under the false impression that what they need to fix those problems, is more money.
The truth of course, is that if you don’t know how to manage the money you have, getting more is only going to result in you wasting more of it.
Everyone understands this and yet most people don’t have a system for managing the money they make.
I think part of the reason is that traditional budgeting just sucks.
- It’s not flexible or realistic. It forces you to create a neat little plan that rarely works out as written. Why does it rarely work? Because life isn’t neat or predictable.
- It makes you feel guilty. When things don’t go as planned–which is inevitable–you feel like crap for failing at budgeting. Oh well, better luck next month!
- It makes you feel poor. For those of us who don’t like to feel so restricted, traditional budgeting can be painful.
This article and the accompanying spreadsheet, will provide you with an alternative way to manage your expenses that isn’t painful.
It will show you an approach to budgeting that is flexible, realistic, fun, effective, and that doesn’t require you to become a boring, miserable penny pincher. Continue reading