Budgeting is hard. 50% of Americans have less than one month’s income saved for emergencies. Experts recommend at least six months. The problem, however, may lie with flawed budgeting advice.
Traditional budgeting methods ask you to examine how much money you expect to earn in a month and how much you expect to spend. It’s a formula ripe for failure as it’s full of guesses. Even progressive strategies such as envelope budgeting and the anti-budget system don’t always work.