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10 Budget Myths To Stop Believing Right Now

GOBankingRates Logo By John Csiszar of GOBankingRates | Slide 1 of 11: If you’ve spent any time at all learning about personal finance, you’ve likely heard that you should be creating and following a budget. But for something that seems like common wisdom, far too many people avoid drafting a budget -- and usually not for a good reason. See: 50 Ways To Live the Big Life on a Small Budget Find Out: 35 Useless Expenses You Need To Slash From Your Budget Now Of the many reasons commonly given for avoiding budgeting, most are founded on myths rather than reality. Read on to learn the truth behind 10 common budgeting myths so that you can get on the right path to creating your own financial blueprint. Last updated: Sept. 3, 2021

If you’ve spent any time at all learning about personal finance, you’ve likely heard that you should be creating and following a budget. But for something that seems like common wisdom, far too many people avoid drafting a budget -- and usually not for a good reason.

See: 50 Ways To Live the Big Life on a Small Budget
Find Out: 35 Useless Expenses You Need To Slash From Your Budget Now

Of the many reasons commonly given for avoiding budgeting, most are founded on myths rather than reality. Read on to learn the truth behind 10 common budgeting myths so that you can get on the right path to creating your own financial blueprint.

Last updated: Sept. 3, 2021
© shapecharge / Getty Images

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