Takes a Long Time
One of the most common complaints about budgeting is that it takes a long time. This is understandable. Sitting down to write a budget is just the first step in budgeting. Tracking your spending, budget meetings, and clipping coupons all take time. Budgeting can be time-consuming, especially during the first few months as you get used to things.
I Don’t Have Enough Money to Budget
Another common reason for not budgeting is that a person feels they don’t have enough money to budget. It can be daunting to write down all the money that goes out each month and to realize you don’t have enough cash flow to cover it.
I Don’t Like Tracking My Spending
This particular excuse for budgeting is reasonably common. Many people simply don’t like the hassle of tracking their spending every day and knowing how much money they have left. Tracking spending can be time-consuming and stressful due to the constant need to check remaining amounts in each category.
My Partner Isn’t on Board
If you are married or in a committed relationship, budgeting can be difficult if your partner isn’t on board. But there is a solution to this issue. You should just combine household expenses and create a household budget that specifies how much each partner should contribute monthly. Some couples decide this amount based on a percentage of their individual incomes, while others split the amount in half. In any case, even if your partner doesn’t want to budget, you can still commit to a personal budget and work toward your financial goals, such as investing or saving for retirement.
Budgeting Makes Me Feel Bad
Another reason people avoid budgeting is how it makes them feel. Budgeting can evoke feelings of deprivation and not getting what you want, which is difficult. There are also other feelings that interfere with budgeting. Some people enjoy the happiness and excitement that comes from shopping. If you have this issue, you may need to seek help for spending problems. Others feel frustrated when the budget doesn’t work in the first or second month and then give up.
In this case, it’s important to remember that budgeting isn’t easy, and it takes time to get used to it. Don’t give up or feel discouraged; keep trying and adjusting, and eventually budgeting will become easier.
If you don’t want to budget because it makes you feel like you don’t have enough to do the things you want, you should change your situation. Paying off your debts and looking for a higher-paying job can help.
Updated by Rachel Morgan Cuttero.
Source: https://www.thebalancemoney.com/how-to-solve-budgeting-excuses-2385606
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