“The entire concept of budgeting is flawed. Your emotional brain responds to the word budget the same way it responds to the word diet. The connotation is deprivation, suffering, agony, depression.”
It doesn’t have to be so difficult to stick to a budget — you just have to reframe how you approach money management.
New York Magazine breaks down the psychology of budgeting and explains how you can work with your psychology instead of against it. The key is to create a spending plan instead of a budget, assume you’ll overspend, and train yourself to focus on the future.