When we depend on present level of motivation as our primary means of working toward a goal, we often get stuck in a boom/bust pattern. There are better ways to structure effort.
- When people tell me that they hate budgets,…I'm always curious to hear why, but I usually…have a good idea of what they're going to tell me.…People hate budgets because they find them…to be restrictive, cumbersome, anxiety producing…tools of no, but still we try, maybe because we think…it's the grown up thing to do or we want the results…of living on a budget.…We grit our teeth, resolve to find a side hustle,…cook more and shop less, and it works…until we either slide back into old habits…or go out in a spectacular flair of rebellion…fueled by credit cards and adrenaline.…
This boom or bust, rigid self discipline…or total denial cycle of money management feels awful.…It's disruptive and frustrating…and it's no wonder people who experience it…blame the very act of budgeting itself.…It doesn't have to be this way.…Here are four ways to step back,…reframe and reclaim budgeting so that…it's a positive part of your life.…The first activity in some ways is the hardest, do nothing.…Or, more accurately, change nothing.…
Updated
3/28/2019Released
4/3/2018Skill Level Intermediate
Duration
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Video: Stop the “boom and bust” cycle of budgeting