Do Budgets Work?

Do Budgets Work
Do Budgets Work

Budgets. 

You either love them or you hate them. Budgets and budgeting often have a negative connotation. People often think of budgets as too rigid or that they lead to a negative view of money. Other people and families swear by them. 

Credit.com recently surveyed Americans on their budgeting habits. Here’s what they discovered: 

  • 27% don’t think budgets are necessary

  • 24% don’t think they’ll stick to a budget

  • 15% feel too restricted by a budget

  • 10% don’t know how to start budgeting

  • 10% just don’t want to do it

  • 12% are afraid to even look at their bank account

In this episode, we take a closer look at budgeting to determine if budgets actually work. 

You’ll learn: 

  • What a budget is

  • Types of budgets

  • Benefits and drawbacks of budgeting

  • When budgeting makes sense

Catch These Must-Listen Moments From The Episode

  • [04:25] What is the anti-budget? 

  • [05:45] The difference between a budget and a spending plan

  • [09:15] Reasons many people graduate from using a budget

  • [10:31] The importance of tracking your spending

Resources to Check Out

Credit.com 2023 Budgeting Survey

Nerdwallet 2023 Budgeting Report

CNBC Make It Article With David Bach

Financial Freedom Except on Money.com 

Ramit Sethi’s Conscious Spending Plan

Follow Adrienne from Tailored WealthSaver on Instagram

How To Take Control Of Your Family Finances In 2023

Values-Based Budgeting: Spending Your Money On What You Love

What Is The Anti-Budget?

Best Family Budget For Every Personality Type

Best Budgeting Apps For Families in 2023

Earn High-Yield Savings With A CIT Bank Savings Connect Account

How To Track Your Spending 

Our Favorite Rewards Credit Cards

Check Out Our Favorite Money & Travel Tools, Books, and Products

Let’s Connect

Instagram: @familymoneyadventure

YouTube: youtube.com/@familymoneyadventure

Facebook: FMAdventure

Twitter: @TheFMadventure

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Do Budgets Work?

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