Why Budgets Don’t Work

by | Jul 13, 2023

You Don’t Need a Budget to be Successful

Today, I’m talking about the common struggle of budgeting and offering an alternative approach. Let me start by sharing the story of a client named Taylor who had accumulated $20,000 in credit card debt and was stressed about budgeting. I advised Taylor to ditch the idea of budgeting forever and instead focus on structuring a system that included a spending account and a savings account. By paying attention to her spending and adopting a mindset of how to spend, grow, and enjoy her money, Taylor was able to pay down her debt, manage her expenses, and even double her income. She is able to live without trying to fit her money and lifestyle into a budget worksheet for the rest of her life. I believe that there is enough money for everyone and I encourage viewers to adopt a similar mindset.

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