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
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
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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Kevin Payne is the budgeting and family travel enthusiast behind FamilyMoneyAdventure.com. He’s also the host of the Family Money Adventure Show podcast, where he helps families learn to manage their money better so they can afford to do the things they love.
Kevin is a freelance writer specializing in personal finance and travel. He is a regular contributor to USA Today, Forbes Advisor, Bankrate, Fox Business, Credible, and CreditCards.com.
