Most people don't really keep a budget, even though we know we should.
And if you do use a budget to track your finances, chances are it gives you only a rough idea of what's going in and out of your bank account. Am I right?
That's the boat I was in not long ago. I had a "budget" set up — and I use that term loosely here — but it wasn't really helping me manage my money.
I had always believed that actually setting up and maintaining a good budget would be a huge project, one I didn't have time for. But my wife and I could see we were heading toward a financial cliff and really needed some help.
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Without even realizing it, we were spending a lot more than we were bringing in every month. We were over-drafting our account at least once a month, and our credit card balances kept creeping higher.
I knew something had to change.
So I decided to dive in and give budgeting a shot, and I quickly realized budgeting isn't nearly as bad as most people make it out to be!