Some people have used the budget process to abuse others. It just made us more efficient in how we use our food dollars. And truth be told, it really didn’t change the quality of food we eat. No one likes to face cold, hard facts like these, but because we did, we were able to reduce our spending in this area. When we first started budgeting, I was shocked – shocked, I say – to find out how much we were spending on food (both groceries and eating out). However, sticking your head in the sand isn’t the answer. You may not want to find out the cost of your latte habit. They are afraid of what they’ll findīudgeting can be scary at first. The fear I’ll run out of money before the month runs out is gone. It’s really liberating! How so? Because it frees me to spend totally guilt free because I know other dollars are already allocated to all of our expenses. Personally, I’ve found a budget to be the exact opposite of confining. But whatever it takes to help people get it done! Is this just a word game? Yes, I suppose. This negative assumption is why I try to call it a spending plan instead of a budget. Understandable but incorrect if a budget is done the right way. Many people don’t like the limits they feel a budget will place on them. People hear “budget” and think “bread and water” Let’s take a look at many of the most common reasons they don’t budget. ![]() Yet, only 32% of families prepare one each month. ![]() We work too hard earning a dollar to want anything else. Instead of just reacting to money problems that suddenly pop up, a budget prepared in advance tells your money what to do and squeezes every bit of value out of each dollar. It’s the map – the blueprint – to financial success. In my opinion, the backbone of a successful personal financial plan is the monthly budget. When you purchase through referral links on our site, we earn a commission.
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