Why Do Budgets Fail (The Real Reasons + What Actually Works) | Ramit Sethi Blog
Budgets fail because they’re designed to restrict your life instead of enhance it. Traditional budgeting focuses on cutting expenses and tracking every dollar, which creates guilt and makes you feel deprived, so you abandon the budget within weeks. Reason #1: Budgets Are Punishment Systems Disguised as Financial Plans Traditional budgeting operates like a financial diet […]