A Simple 3-Step Budget That Can Change Your Life

A Simple 3-Step Budget That Can Change Your Life
This mindset and method can help you take control of your finances. Makistock/Shutterstock
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Budgets are like training wheels: They help you get moving and offer you confidence as you learn how to balance.

I wish I could come up with a better word than “budget” for managing money. While I’ve made peace with the word, it still conjures up synonyms like whip, drudgery, and cruel master. Personally, I prefer the more elegant term, “spending plan,” but for now, because budget is so universally understood, let’s just go with it, all preconceived notions aside.

No Budget Is Fail-Proof

Search “How to budget,” and you'll get a list of options a mile long. While there are many ways to budget, none is perfect. A budget is a tool that you develop to fit your lifestyle. There is no single, guaranteed budget method, form, or spreadsheet.
Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM
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