OK, there’s no doubt about it: the financially dead do NOT keep budgets and do NOT control their spending, so you are definitely better off by following the Three Step Plan to budgeting simply explained in this video:
1. Have a Goal
2. Make a Plan (i.e. your budget)
3. Keep Track of every dime that you spend.
Except, that it won’t make you rich …
… because you can’t save your way to wealth.
So, here is the Patented 7million7year 3 Step Plan To Budgeting Your Way To Wealth:
1. Work out what wealth means to you: i.e. find Your Number and Your Date
2. Choose your required Growth Engine
[hint: it will have a lot more to do with increasing income than it does to do with controlling expenses]
3. Do the No Budget Budget … once … that’s it!
Which method do you prefer?