Whether you chalk it up to human nature or some freakish financial force, it seems that inertia, phobia, disgust, denial, confusion or simple neglect keep us from the two things that are at the root of all good financial planning:
1) knowing what we’re currently spending; and 2) having a spending plan we can live with.
Ignorance is truly bliss when it comes to spending. It’s a pretty neat trick to never know what your bank balance is. When that is the case, you don’t have to face the reality of not having enough moola to buy a candy bar, much less the fancy dinner you fooled yourself into popping for last night on your credit card. But ultimately, you reach a point where you say enough is enough. Your chronic avoidance of budgeting and sensible spending is wreaking havoc on your life in ways that go beyond just money. You’re wasting time, increasing your anxiety and giving yourself little to no chance of reaching goals that are important to your happiness.
Well, you’ve come to the right place because we’re going to help you overcome those hurdles. The key will be to keep your plan simple and your expectations realistic. And just like a financial plan, budgeting is not something you do once and then forget about it. As your life circumstances change, so must your spending plan change to keep you from falling back into bad habits or falling behind on your goals.
And if the thought of a budget has left you feeling a little queasy, we’ll give you some “Budget Tips,” which allows you to skip the whole budgetary process while still making some progress with your spending habits.