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Budgets DON'T WORK. Why They Don't Work And What You Should Be Doing Instead Thumbnail

Budgets DON'T WORK. Why They Don't Work And What You Should Be Doing Instead

Ep 35: Budgets DON'T WORK. Why They Don't Work And What You Should Be Doing Instead

At some point in our society, the term budget turned out to be the magic cure for anyone with financial troubles. You don't have enough money? Well you need to budget better. You which you and your spouse could get on the same page when it comes to money? Great, start a budget.  You have to control your spending in retirement? A budget is what you need!

This all seems like pretty standard advice. But it's not going to work. Budgets in general don't work. They serve the same purpose as new years resolutions. They make us feel good in the moment but don't actually end out producing the desired outcome we had originally hoped. And it's not your fault this happens!

In this episode, Derek goes over why budgets don't work. What specifically about budgets are ultimately setting you up for failure. Finally, he finished the episode with what you can do instead. How you can end up creating  greater long-term and sustainable  success.

Enjoy the show!

You can connect with Derek on social media at:

https://twitter.com/derekjdelaney
https://www.linkedin.com/in/derekdelaneypharmdfp/
https://www.facebook.com/PharmD-Financial-Planning-LLC-116600423803050

Or by email at:
derek@pharmfp.com

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