Budgets.
You either love them or you hate them. Budgets and budgeting often have a negative connotation. People often think of budgets as too rigid or that they lead to a negative view of money. Other people and families swear by them.
Credit.com recently surveyed Americans on their budgeting habits. Here's what they discovered:
27% don't think budgets are necessary
24% don't think they'll stick to a budget
15% feel too restricted by a budget
10% don't know how to start budgeting
10% just don't want to do it
12% are afraid to even look at their bank account
In this episode, we take a closer look at budgeting to determine if budgets actually work.
Takeaways
In this episode, you'll learn:
What a budget is
Types of budgets
Benefits and drawbacks of budgeting
When budgeting makes sense
Catch These Must-Listen Moments From The Episode
[04:25] What is the anti-budget?
[05:45] The difference between a budget and a spending plan
[09:15] Reasons many people graduate from using a budget
[10:31] The importance of tracking your spending
🎧 Resources & Links from This Episode
📰 Subscribe to the Newsletter
Get practical tips on family money and travel, plus updates, tools, and resources to help you live more intentionally.
Click here to subscribe
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.