The Truth About Budgeting

Myth: I don't have time to work on a budget.
Truth: You don't have time not to make a budget!

The dreaded "B" word. Budget. The only other word that starts with "B" that might generate a worse reaction in most people is the word bankruptcy.

Unfortunately, the word budget has gotten a bum rap - it is basically just a PLAN. When you budget, you're spending on paper, on purpose, before the month begins. But many people view a budget as a straight jacket that keeps them constrained. Freedom and budget just don't seem to go together.

However, when you see that a budget is just spending your money with intention, you'll actually experience more freedom than before. Many people say they've found even more money when they created a realistic budget and stuck with it. Check out the great free budget forms to help you.

Here are some pointers:

Give it 3-4 months to start working. It won't be perfect the first time you do it. Do you first budget for FREE in 60 seconds
Spend every dime on paper before the month begins.
Over-fund your groceries category. Most people underfund that category.
Husbands (if applicable) need to loosen up and quit using the budget as a whipping tool on their wives.
If married, spouses need to do the budget together. The preacher said ". . . and you are ONE."

When you are spending your money on purpose, you will be on your way to a Total Money Makeover. You will be on the road to changing your family tree forever!

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This content is provided by DaveRamsey.com and may be used only in its entirety with all links included. Dave Ramsey is changing the face of America by helping people develop a budgeting plan that works and get on the path to being debt free.