Why ‘intuitive budgeting’ might be your new favorite budgeting tool
By Kimberly Palmer, NerdWallet
Intuitive budgeting involves approximating your expenses instead of counting every penny. For some people, this kind of relaxed approach is more appealing than traditional budgeting.
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“It’s more of a dance with your numbers,” says Bari Tessler, author of “The Art of Money” and a financial therapist in Boulder, Colorado.
In fact, Tessler shies away from even using the word “budget,” which can feel “so rigid and diet-like, as if there’s a right and wrong way.”
Tessler prefers “money map.” That phrase, she says, evokes the idea that “this is something we get to craft on our own, based on what phase of life we’re in, who we’re caring for and what our numbers look like.”