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Here are three lies about budgeting that arepreventing people from saving money.
The myth is that budgeting is a negative and limits your life options.
Warshaw wants you to view your budget as custom organization for your money.
She wants you to create a plan by trusting the person giving you the budgeting advice.
This also means that you should get your partner involved if you are in a relationship.
This means that theres much more to your budget than simply listing out how much money you owe.
Additional Budgeting Lies
Warshawshareda couple additional budgeting lies you should be aware of.
Warshaw stresses that you shouldnt feel embarrassed or guilty about setting boundaries when managing your money.
Warshaw wants you to view a budget as self-care since you work hard for your money.
A zero-based budget is where your income minus your total expenses should equal zero for the month.
Once youve created your budget, you should consider utilizing the debt snowball method to approach your different balances.
This approach varies from the debt avalanche, where you focus on the highest-interest debt first.
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