Today I would like to discuss the newly controversial subject known as budgeting. Most, if not all of financial analyst will tell you that you must have one to succeed. This seems like a no brainer, but if it is that easy, then why is it that nobody does them?
Is it because people are just lazy? Is it because they have no discipline? Does a Budget even work?!! Consider the following material. Things are not always as they seem.
The Truth Behind Budgets
What most people don’t realize about personal finance is that it is not JUST a numbers game. Psychology has everything to do with whether or not you succeed at ANYTHING and finance is included. There is no bigger example out there to demonstrate what I just said than budgeting.
There are thousands of gurus out there who say that you should do a budget. As a matter of fact, you would be hard pressed to find any financial “expert” who doesn’t. Doing a budget seems like an easy thing to do but yet NO ONE seems to do them. The people who try to do them, in most cases, fail miserably! Why is this? And why do people keep giving out this same advice if it doesn’t work?
Well, first of all, there are a lot of reasons why budgeting fails. Some of it is lack of discipline. Some of it is lack of commitment. Some of it is lack of money (I’ll explain this later). Some of it (in the case of family) is disagreement. A LOT of it is not allowing for unexpected expenses. But, do you know what is the biggest reason that budgeting fails?
It’s Because it is a Budget!!!
Ladies and Gentlemen: A budget is something that you do when you are BROKE and struggling. Now, who wants to be broke and struggling? Let me throw this out there for all of my “Law of attraction” students. Budgeting is based on LACK. It keeps you focused on how much you DON’T have. When you focus on LACK, you will “attract” LACK into your life. Deep down inside most people know this. That’s why they can’t do budgets. Doing a budget makes you feel broke. As a matter of fact, while reading this very article, every time you read (and subconsciously hear) the word BUDGET, it probably makes your soul cringe. As a matter of fact, just by reading the first couple of paragraphs of this article, you may already be bogged down. Budget is truly a bad word. So then what should you do?
To read the conclusion of this article, you can go to Don’t Do A Budget! You can also subscribe to the free online monthly newsletter and get valuable information such as how to improve your credit score.
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