Budgets SUCK
Budgets SUCK!
Yes, I think that budgets are the most ill-conceived idea of how to plan for your money on the personal level.
Why? Very simply – Life Happens
It is those fortunate or unfortunate turns in life that make budgets incredibly useless. I remember as a child my parents working to have a budget. The idea in the 1960’s called the Envelope System was to cash your paycheck and put the cash into different envelopes for each expense. It still exists today, and just like then it only works if and when you have the self-discipline to not reach into the other envelope and borrow from groceries to pay for entertainment.