1. An Introduction to Budgeting
Why you've been probably been thinking of it the wrong way
- When most people hear the word ‘budget’ they cringe. Thoughts of No Fun Ever and saving every penny, cutting out every expense that brings them joy—basically living like a miser. But that’s not it at all! A budget simply tells your money where to go so you don’t wonder where it all went.
- A budget is a plan for your money so that you can maximize its potential while leaving space for spending on what is most important to you.
In this article, we’ll outline the different styles of budgeting, how to implement them, and which one is most likely to be your favorite. From here, you’ll be able to identify and use a system that creates a sense of financial peace while aligning your purchases with your values. Does it sound complicated? The good news is that it’s only as hard as you want to make it. You can be elbow deep in the spreadsheets, totally automated, or somewhere in between. The beauty of budgeting is that there’s a method for everyone.