[E24] The 8 Reasons Why People Hate Budgets

<p><strong>Reasons Why People Hate Budgets</strong></p><ol><li>Feels constricting</li><li>Puts us on the hook</li><li>We’re in denial</li><li>Seems like too much work (laziness)</li><li>Not sure where to begin</li><li>We’ll say we’ll budget when we make $X per year</li><li>We tried it once and it didn’t work</li><li>We think people will make fun of us (pride)</li></ol><p><strong>How to Actually Start (and Stick With) Budgeting</strong></p><ol><li>Reframe your view (think of it as a “Spending Plan”)</li><li>Put yourself in charge of the budget</li><li>Create a discretionary expense fund</li><li>Make it automatic</li><li>Tweak the system to work for you.</li><li>It’s not 100% or nothing…</li></ol>