Budgeting has become something people are afraid of. Because of this fear, people start coming up with excuses as to why they cannot start or follow a budget. I’m telling you a budget is nothing to be afraid of. In fact, it is a life saver. A budget is recommended if you want to get out of debt and quit living paycheck to paycheck. This post will teach you how to create a budget.
If you are sick and tired of being in debt or living paycheck to paycheck, you need to stop making excuses. Excuses don’t get results. If you want it, you will find a way. If you don’t want it, you’ll make an excuse. A goal without a plan is a wish. A budget is your plan and the first step towards managing your money. If you are making any of these 5 excuses about budgeting, STOP and be like Nike..just do it!
5 Budgeting Excuses You Need to Get Over
1. I don’t have time to budget
When starting a budget, at most it may take a couple of hours to create the budget. With practice and some getting used to the process after the first couple of months, it takes less time to do. All you do is plug numbers in and let the math do the rest. What could be more important than taking back control of your money? If you don’t have time to create a budget, then I think you need to reevaluate your priorities.
2. Budgeting is boring
If you aren’t making a budget because you think it’s boring, think about how boring it is to look at credit card statements and going through bankruptcy court is. Find away to make it fun. Once you get the hang of it, it really isn’t that bad.
3. Making a budget is difficult math, and I hate math
If you can do 3rd grade math, you can create a budget because. That is how simple the math is. Your income – outgo must equal zero. That’s it!
Hating math is such a lame excuse. Instead of hating math, focus your hate on being in debt and do something about it. You can get started with Dave Ramsey’s FREE budgeting tool EveryDollar and it will do the math for you!
4. I can do a budget in my head
You must be a really brilliant person if you can create a zero-based budget in your head. A budget in your head is not a budget. It’s only saying “I kind of have a vague idea about what I spend”. For a budget to work, it needs to be something you can track. Besides that if you are married, a budget in your head is not the right approach. Your spouse is not involved in the decision making and that is means for marriage disaster. You both need to work together.
5. I budget by keeping track of everything I spend
This is a good start, but it still isn’t a budget. When only tracking what you have spent, you are looking at the past and never looking into the future. A budget is your plan for the upcoming month. You are planning the money you haven’t spent yet. Don’t look at just the past, but look ahead also. Plan for future spending while looking at your past spending, not just one or the other. If you are already tracking your spending, a budget would make a nice natural next step.
When it comes to your money, you definitely don’t want to be someone who can be taken advantage of. That causes greater mess and is like digging the hole deeper as you are trying to dig yourself out. Take control of your money and start budgeting. If you have issues sticking to your budget, this post will help you out. Remember, if you want to get out of debt and stop living paycheck to paycheck, you will find a way to accomplish your goal. If you don’t want it, you will make one of the excuses above.
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