I can’t save anything because it takes every dollar I make just to get by.
Sound like a description of your budget?
For some folks, that is absolutely true.
But for another slice of working folks, there’s some black magic budgeting going on that hides what’s really afoot.
These voodoo budgets look rational, but only on the surface. If there were two budget line items: 1) food, and 2) groceries, you’d see the duplication.
But what often happens is more subtle. Meet the twins of budget self deceptions.
Got cable? More than basic cable? Do you also budget for entertainment, eating out, vacations?
What is premium cable if not entertainment? You can probably say the same thing about data on smart phones. These services make our days brighter. But the cost has to be counted against the same budget category as other non essential pleasures.