“I don’t have time to budget.”
“This isn’t about time. We all have time. This is about your not wanting to face something that’s scary or complicated,” says Dr. Walfish. “It’s a matter of will.” In other words, quit lying to yourself and step up to the plate. Trust us, you’ll thank yourself later.
Whether you’re saving for retirement, saving for an emergency fund, saving for your kid’s college tuition, saving for a down payment on a house—or all of the above—everything starts with budgeting. “You can’t do any of that until you know your cash flow,” says Blaylock. The good news is that there are plenty of free, digital budgeting tools, such as the LearnVest app, so creating a budget has never been easier.