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
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