12/30/2023 0 Comments David ramsey budget![]() You can budget for whatever you want (within reason), whether it's fancy shoes or a car collection or days out at the movies. But, you should also allocate money to the fun spending that gives you the most joy. ![]() This means you absolutely should budget for important financial goals like retirement. Instead, the goal should be to make a budget that allows you to get the most value from your money. The purpose of budgeting shouldn't be to prevent you from spending on things you enjoy. In fact, if you try to make a budget that deprives you of spending for pleasure, you're just wasting your time because you will never stick to it. The reality is, budgeting absolutely does not mean you cannot have fun with money. If you're putting off the budgeting process because, like Ramsey, you're concerned that a budget means the end of fun spending, then you may be missing out on making an important money management move for no reason. If you share this fear, here's the reality This is a very common concern many people share - especially since the budgeting process can feel like you're setting restrictions on yourself and since some online advice around budgeting focuses on stripping the fun out of your life by cutting spending on things like your daily latte. "I used to worry budgeting would mean I'd never have fun with money again," Ramsey said, indicating that he was "a natural spender" who was hesitant to get started with budgeting out of concerns that doing so would restrict him from buying what he desired. But, on the Ramsey Solutions blog, he admitted to having a big fear. ![]() ![]() Since Ramsey is well-known for stressing the importance of budgeting in order to manage money wisely, it may come as a shock to hear that he had concerns about making a budget of his own. This was Ramsey's biggest worry about making a budget And there are lots of reasons for that, including a fear about what budgeting means for their use of funds.Ĭoncerns about budgeting are incredibly common and, in fact, finance expert (and budget proponent) Dave Ramsey even admitted he had some major worries before he got started with the budgeting process. While it is important, many people don't actually have a budget. ![]()
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