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Some people make budgets, fail at them, and enter a cycle of self-loathing and financial stress that harms more than it helps.

Budgets Don’t Work for Everyone—Try This System Instead

On a recent episode of the highly respected, laudable, and deserving-of-awards Bitches Get Riches podcast, Kitty and I came out with a controversial take: You don’t necessarily need a budget.

Next to “You can buy a latte sometimes,” it’s just about the closest we’ve come to outright heresy in the halls of money writers. We expect to be shunned and excommunicated any moment now.

Yet I firmly believe that budgeting doesn’t work for everyone!

Yes, for some people it’s an incredibly useful, indispensable tool. I know people who flailed around with money like a noodly-armed fan man on a used car lot before they made a budget, and afterward approached their finances with the serenity and enlightenment of a monk.

Seen here: Actual post-budgeting bliss. Results not typical.

I also know people who make budgets, fail at them, and enter a cycle of constant self-loathing and financial stress that ultimately harms them more than it helps. Some of us chafe against the rigidity of a budget, others thrive within its strict boundaries.

Seen here: Actual post-budgeting death throes.

So budgeting ain’t for everyone. But that doesn’t mean you’re excused from managing your money altogether. Even without a budget, it’s still useful to have a system for keeping an eye on your money.

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