What’s this bad word “budgeting” and why are so many people so afraid to do it?

People tend to associate budgeting with things like “cutting back” and “frugal living.” These are not bad things. Sometimes, situations call for you to cut back on some expenses and spend less money, for a greater goal of course. But it’s not all that budgeting is about.

Think of a budget as a set of directions that get you from one paycheck to another. Directions are good, right? They keep you from getting lost. That’s exactly what a budget does. It keeps you from losing money. I don’t know about you, but I’m all for anything that keeps me from losing money.