Time to Go to MyBudget?

Hey Scott,

My wife and I are in a bit of a financial mess that we can’t seem to get on top of. With a $300k mortgage, a $15k car loan and $10k in credit card debt, I can’t see how we’ll ever get on top. I keep seeing the ads for MyBudget and I’m wondering if that’s the answer for us? What do you think? Worth a visit?

Matt

Hi Matt,

Stop looking for fairy princesses waving magic financial wands. Managing your money is the old 80/20 rule: the biggest barrier to you getting on top of your money isn’t a lack of knowledge, it’s developing the necessary habits that will stop you spending money you don’t have, and valuing saving over stuff. If that doesn’t click, no amount of high-priced handholding from MyBudget or anyone else is going to help: they’ll just drive you deeper in debt with their fees.

Scott