Budgets come in many shapes and forms. And no one budget type is right for everyone. However, I loathe percentage-based budgets. Absolutely. Unequivocally. They upset me and, if you have an ounce of individuality, they should upset you too!
When first starting on my personal finance journey, one of the largest challenges I faced was determining how much I should be spending in each expense category. To answer this question, I turned to percentage-based budgets. After all, I had no clue what was “normal” or what I “should” be spending, but I had a mountain of debt that I needed gone ASAP.
Percentage-based budgets seemed like the perfect answer to my dilemma and a great way to set my finances on track.