Budgeting: A straightjacket or not?

It amazes me how people feel about budgeting.  The other day I heard someone comparing budgeting to wearing a straightjacket.  I know that I’m in the minority of people but I feel as though it’s quite the opposite – it’s so very freeing.

Don’t get me wrong, budgeting takes hard work and determination.  Are there weeks when I don’t feel like doing our budget?  Absolutely.  However, when we look at our finances at the end of the year and  know with certainty where every penny went that makes it worthwhile.

I’ve talked to friends and encouraged them to start budgeting.  Without saying as much, they feel like they’re not going to be able to do the same things they currently are.  Starting a budget doesn’t mean that you’ll have to give up eating out, going on vacation, or having the finer things in life.  (You may realize how much you’re spending on those things and decide to spend your money elsewhere.)  Plain and simple, budgeting is simply telling your money where to go – you control it instead of it controlling you.

I’m confident that many people don’t try budgets because they don’t want to know where they’re spending their money.  If they started digging into their checkbooks they’d realize that they’re blowing their hard-earned money on, well, nothing.  It’s easier to be in denial than it is to take responsibility over your finances.

What hopes and dreams do you have?  Are you going to be able to follow them if you continue on your current financial path?  Trying a budget couldn’t hurt anything so I dare you to try one for at least three months.  If you’re not sure where to begin, check out my Budgeting: It’s Not Rocket Science series.  Who knows, it could change your life.

Thrifty T

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