Stop budgeting, start holding up your Money Mirror

What feelings come up when I say the word “Budget”? If you are like most people, the words are often negative: restrictive, guilt, shame, hard, daunting, discouraging. I completely understand those emotions and feelings. I have had most of them myself with regard to this bad word: budget. Why is it we are all told to budget, but then most of us have such negative feelings surrounding the process?

It is because budgeting done in the normal way is restrictive! It is a process that can guilt us and shame us! We write down our income, we estimate our expenses, then we cross our fingers and hope it all goes well. When something inevitably changes or goes wrong, instead of the budget helping us flex with it, it stares back at us with big red negative numbers and seems to imply that it’s our fault that our life changed, or our priorities changed.

So I’d like to suggest a mindset shift. Instead of budgeting, let’s talk about holding up our money mirror. When we hold up our money mirror, we are simply asking the question: “Does our spending align with our values?” It isn’t about guilt, or about “I should…” It is simply “Is this close to my values, or far away from them?” This simple shift can completely revolutionize how we think about money, and about the act budgeting.

Are you struggling with debt, spending, or your relationship with money? Schedule your free one-hour Money Empowerment Session to better understand your money stories, and get recommendations for taking the next step to healing your relationship with money!

I also run a group Money Empowerment Monthly meeting here in Portland! It is a safe, fun environment where you can talk about your greatest money fears and issues a facilitated peer group. You can sign up on Meetup.
* indicates required

About the author

I work with individuals and couples to create a healthy relationship with money, in person or online. I can help you save money, pay down debt, and experience financial bliss! You can read more about working with me or sign up for a free session! Let's Talk »