I HATE BUDGETS! What to do if you cannot stick to a budget.
Budgets are good… Budgets are great…
But who really likes to budget, they truly are a pain in the rear and I have not found one person who likes doing a personal budget.
1. Why do people hate budgets so much?
Many people associate budgets with being poor, having do watch every penny. People often have the idea that if you do not know how much you really are spending that it doesn’t really seem that bad. To some maintaining a budget is like admitting that darn I screwed up and now I have to live like I am poor to get out of it. They then will usually not do the budget and just keep spending more than they make digging a larger and larger hole.
2. I hate budgets, now what?
I would only recommend this if you cannot follow a budget. You need to setup automatic deductions that will pull a set amount of money each pay period into a savings account, this will force you to live on less and save more. The best way to make this work is to only spend cash, that way you cannot spend more than you actually have. If you continue to use credit cards you will over spend and dig a bigger hole.
This has personally worked very well for me.
Derrick
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