In true non-conformist fashion, Joshua Gordon takes a process that’s been done from top-to-bottom for thousands of years and makes it bottom-to-top. I think you’ll find his perspective intriguing (unless – like me – you actually do like eating broccoli). ~D.S.
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I hate budgeting.
Always have. Sort of like eating broccoli – no fun, but necessary. Budgeting feels cramped and sterile; I don’t love being told what to do, so when my budget tells me I can’t spend money on something, well, I don’t like the feeling. Don’t get me wrong: I’m glad for the structure and intention our budget gives our finances, but… I just think broccoli. Blech.
Now, I like both-and solutions. I like to ‘have my
broccoli cake and eat it too’. So I’ve been thinking: Can I have the structure and intention of budgeting without the restrictive-feeling baggage?
Reverse Budgeting. That’s the term I’ve coined to describe the mindset my wife and I have adopted. It’s a fresh way of looking at money: It’s conventional budgeting flipped on its head. Reverse Budgeting is really only a slight shift in thinking, but the ramifications are huge.
See, conventional budgeting says, “I have this much money; I can only purchase A and B, but not C”. Reverse Budgeting says, “I want to purchase A, B, and C – therefore, I will make $X”.
Did you catch that?
Budgeting uses your current resources to limit your actions. Reverse Budgeting uses your actions to determine what resources you need. After defining and embracing Reverse Budgeting, I’m living with a new perspective that encourages me to expand my income to meet my needs.
Here’s what reverse budgeting has done for me:
- Encourages industriousness in my business endeavors
- Inspires creative problem solving and money stretching
- Reminds me that my job doesn’t control my income, I do