In my over-a-decade of experience with budgeting, for myself and helping others, I’ve come across a myriad of reasons, excuses, fears and inaccurate rationalizations for why people choose not to budget.

And it’s doing more harm than good.

There was a point in time when I chose not to budget, and it cost me a lot. Thankfully, I got my act together and now I help women do the same.

We all need to be budgeting, and if you’ve convinced yourself otherwise, I’m here to set you straight!

In this episode, I’m sharing 5 budgeting myths millennial women (or any woman really) needs to stop believing because these myths are delaying a life of happiness.

One of the most common things people do with their finances is trying to keep it all in their head. If you think you can keep your budget top of mind, you’re setting yourself up for failure. I share some solutions to this particular myth.

Here's a glance at this episode:

• [03:05] When you rely on a mental budget, you’re leaving so much room for error. We can’t remember or account for everything in our head.
• [06:42] Just because you never learned how to budget in the past doesn’t mean that you can’t learn or succeed with budgeting in the present.
• [09:15] When it comes to creating your budget, there are certain numbers that you do need to know, but you don’t have to be responsible for always calculating them.
• [13:40] A budget should include the things you love and/or saving for the things that truly matter to you.
• [16:53] You can’t predict the future. Certain things will come up that we can’t plan for. That means you need to believe it’s okay to be fluid with your budget.

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Resources mentioned in this episode:

Listen to Episode 3 – Breaking Through the Stigma of Budgeting

Let Raya create a budget plan for you!

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