“Budgeting.” Just the word stresses some people out. We hear about budgeting and think that it means frustration, anxiety, micro-managing, and saying goodbye to our Starbucks grande caramel frappuccinos. Budgeting doesn’t have to be this way. If you haven’t read my Perspective & Budgeting post, please do. Once I had a budget, I felt more free to spend money on shopping, eating out, or entertainment because money was specifically set aside for that. It took away stress and replaced it with some guilt-free spending to keep up my motivation for saving and paying off debt.
What people don’t seem to understand is that there are so many budgeting systems out there to fit different preferences and personality types. I’m going to share five budgeting systems with you and you can decide for yourself what works for you. Although every system has it’s pros and cons, I’ll share what my husband and I use to make our budget easy to operate. [Read more…]