I’m a financial adviser who despises budgeting, yet I’ve devised a technique that allows me to increase my wealth while still allowing me to live comfortably

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  • I have a money-averse disposition, so budgeting is tricky for me.
  • I’ve tried various applications and tactics, but the Mint app has proven to be the most effective.
  • To spend and save in a method that makes sense to me, I also use a pen and paper (as a backup).

I’d want to start by noting that I didn’t realize I despised budgeting at first, but after learning more about money mindsets, I discovered I was money avoidant. Money attitudes influence how you think and behave about money. Being avoidant implies that I dislike keeping track of my finances in the first place. I want to live in this ideal world where I work and am always paid correctly and where money is always there when I need it.

Avoidant means disregarding financial statements, not checking my account on payday, or never spending since there is no money in the report. It’s easy to understand why those who shun cash have difficulty sticking to a budget.

I had to fight and modify these ideas and practices once I understood this truth. That’s exactly what I did. I began budgeting on my terms.

I devised a strategy that works for me.

To be honest, I have a complicated financial situation.

I’m in the wealth-building stage, meaning I’m putting in the effort to set myself up for future success. I’m in the wealth-building stage, meaning I’m putting in the effort to sacrifice. There’s the friendly magical money-avoidance mindset.

I don’t live paycheck to paycheck. Even though I have a fully stocked emergency fund and invest, looking at my budget is frightening! I’m referring to several things. Personal budgets, corporate budgets, and a few more are required.

But keep in mind that living on a budget does not mean you’ll go bankrupt. It will save you from going bankrupt.

So, how do I proceed?

No, I don’t delegate my issues to others to solve. To assist me in managing my budget, I use a pen and paper, various spreadsheets, the Mint app, and a lot of alerts. That’s right. I don’t even use “budget” to describe what I do.

For me, a mixed approach is the most effective. There is no such thing as a one-size-fits-all budget.

Before settling on my spending plan, I tested several different budgeting tactics.

I tried pen and paper when I first started to make my strategy. I kept track of everything I did with my money for a month. It was challenging and exhausting. After that, I tried using the Every dollar app. This was an excellent tool, but it seemed like a digital version of the pen and paper approach. Mostly because I despise budgeting, and I hate it much more when someone wants me to pay a monthly fee to budget. Thank you, but no.

After failing with numerous other bridging solutions, I settled on Mint. Mint is completely free and handles all of the legwork for me. I am keeping track of my assets, payments, debt, net worth, and much more.

Because Mint is free, there are advertisements all over the place. I know how to prevent credit card solicitations, so the advertisements don’t bother me. I can’t imagine what they’re doing with all of my information. But I’m getting ahead of myself. It’s convenient to have a digital budget that I can access from my computer or phone, which sends me payment reminders and alerts me when revenue arrives.

Mint has been my go-to app for keeping track of my spending. It keeps track of my expenditures and, with the help of mobile phone notifications and emails, gently informs me when I’ve gone over budget at Target (for the 10th time). I’m able to classify my expenditures so that I have precise reports at the end of the month. I can create financial objectives and even keep track of my college debt.

I still retain a paper track of certain financial transactions as a backup. On the other hand, this hybrid strategy has helped help this budget hater get her act together. I completely understand the importance of budgeting and like assisting others with theirs (go figure). However, that does not imply that you and I must like budgeting. All we have to do now is finish it.

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