The idea of creating a budget turns people into TSA Agents because they are not letting that get through the gates into their life, even with a thorough pat down.
Budgeting carries negative connotations because it is restricting and difficult (like eating healthy food and exercising regularly, another awful thing smart people suggest).
We don’t like doing hard things. So of course budgeting is something we are absolutely not interested in.
I know a lot of very smart people who seemingly handle their finances well that don’t use a written budget.
They say things like,
“If I had a budget, I’d spend more money than I do now.”
“We’re very frugal and we definitely don’t need a budget to manage our money.”
“A budget is constricting, like an anaconda wrapped around an armadillo.”
I can see where they are coming from. But I disagree for a number of reasons, listed below. As promised, the budgeting myths are body slammed with enough force to put the Kardashian’s on a cash-flow plan.
I feel especially adept at answering these objections because I’ve reasoned with the false logic behind them myself in the past.