The one 80/20 budgeting rule that’ll get you in control of your finances

Apr 10

Budgeting is 80% emotional and 20% numerical.

In other words, 80% of your success with budgeting is based on your emotions, while only 20% is based on your numbers.

Learning how to deal with fear, jealousy, and regret are the main components of budgeting you need to master.

Sure, an app can crunch your numbers. But it can’t master your financial emotions for you.

That’s your project.

Once you nail the 80% — the financial emotions — you’ll look and treat money differently.

And when your perspective shifts, something magical happens — you’ll become smarter with money and finally start to feel in control of your finances.

About The Author

Hi, I'm Avraham (pronounced Av-Rum.) I'm a reformed spender, financial coach, and the founder of Avraham Byers Financial (I'm better with money than coming up with company names.) In a funny and non-preachy way, I teach people how to take control of their finances without giving up their smoked butterscotch lattes.


  1. Ira Smith
    April 10, 2018 at 5:58 pm ·

    Another great post Avraham. I would add one more emotion that you have to control to budget properly and stick to it – desire!

    Continued success Avraham.

    • Avraham Byers
      April 10, 2018 at 10:40 pm ·

      Yes, that’s a great addition — desire! Thanks Ira.

  2. Terumi
    April 10, 2018 at 6:37 pm ·

    Great article, Avraham! My main financial emotion right now is desire. Desire to buy anything I want. Lol so I guess that comes down to self control. So hard.

    • Avraham Byers
      April 10, 2018 at 10:42 pm ·

      Terumi, thanks for your honest comment. I appreciate it. What do you think is fueling your desire?

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