Top 5 Excuses People Use For Not Budgeting

Budgeting your money can seem like such a chore, one that you just never want to do. It can feel like you may not need to sort your money. Unless you are already organised and efficient with your income, it’s almost certain that budgeting will help your overall personal finance situation. One of the things us British like to do is moan and make excuses, we’re actually very good at it. Here are the Top 5 Excuses People Use For Not Budgeting

“I’m not very good with numbers”

This isn’t rocket science. Budgeting your income/outgoings should be made as simple as possible. You don’t need to be calculating advanced problems. All you need is some basic math skills. Take the time at the start to do things correctly. It will help to save time and frustration later on down the line.

Sometimes in life, you aren’t always able to get exactly what you want. It’s part of being an adult, unfortunately. Everyone would love to have an endless amount of money, buying whatever may take their fancy. This, however, is a fairytale for many, reality for but a few. One of the best ways to allow yourself the opportunity to buy the things you want… Get your personal finances in order. Maybe it’s because of not budgeting your finances that you’re in this predicament?

“I don’t have time”

The simple fact, there is time. It may seem like a big task, it may even take a little while to get your initial budget set up but the results will be worth it in the long run. As you continue to budget your personal finances, you’ll find that it will take you less time, every time, to complete.

This is an excuse that is used far too often in many forms of life. If you find yourself saying this too often, start telling yourself ‘there is time’. In the UK, adults watch on average of 30 hours of TV a week. If you use just a small portion of that time to do something beneficial. You’ll be surprised at how much this will actually benefit you in life.

“I’ll start to budget after…”

One of the easiest things to do is say “I’ll do it later”. The reality is, you never do end up doing it later. So many times little tasks are put off, causing them to become a much larger problem later down the line. Invest some time and effort into making your life easier and become better off financially.

“Having a budget is boring”

To have all the things you want in life, sometimes you have to a make a few small sacrifices along the way. Whether this is through cutting back on meals out, clothes or treats etc… Making small changes as limiting your outgoing spends will help you to become more organised with your money.

Make the start now, you’ll start to see a difference within no time. You’ll look back in a few months time and be shocked at how much money you’ve been able to save, all from just reorganising your finances. Really, it all comes down to a simple scenario.

Budgeting = having more money > Not Budgeting = not having much money

As I’ve said before, budgeting my own personal finances has helped me greatly without leaving me feeling like I’m always missing out on things. Take that first step and start to lead a happy and rewarding life. What excuses have you used in the past? Let us know…

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