The “dubious” joy of personal financial budgeting

The “dubious” joy of personal financial budgeting
Why does most people avoid creating a budget and fewer still stick to one. We will assist you in facing this giant and conquer it
If you're the type of person who always has plenty of cash, knows exactly where every penny goes and never has trouble paying bills, skip this chapter. You're either too rich or too smart to need it.
Normal people like you and me unfortunately, have to do - and stick to - a budget as an essential tool for ensuring that our money gets used the way we need it to. You may think that you have more than enough money but the homework involved in drawing up a budget can be instructive, since you may find that you are spending more than you wish on luxury items , electronic gadgetry or restaurant meals and other such nice things !
Denial is a major problem in the budgeting process. Most people do not want to face their giants. They do not want to know where the money goes – it is thus easier to just spend it! This is a major impediment to budgeting. Having bought stuff that you don’t need and basically very seldom use is sometimes just a brag thing – I have a better sound system than you. Keeping up with the Jones’s kind of a thing.
The bulk of budgeting pains are in the beginning – getting used to some form of discipline. Sometimes it involves a pride to be gotten over – You wife or significant other might not like the discipline and this might just give birth to subjects for “discussions”
Drawing up a budget is one thing – sticking to it is the next hurdle. Once you have the budget in place monitoring it should become a habit. For this specific reason we have introduced into our course a bi-monthly meeting (which you commit to with initial training) and your improvement ( or lack there-of ) is tracked. We supply you with the electronic tool to do this