The word “budget” means different things to different people. For the fiscally savvy, a budget is a finely honed tool that can be used to accomplish a number of short- and long-term financial objectives. To the financially undisciplined and inexperienced, though, it is synonymous with constriction and rigidity. But often during times of economic hardship, conditions force this necessity upon many consumers who were previously able to get by without one.
There are several styles of budgets that are geared toward people who are less efficient and organized. The following are a few alternative budget strategies for those who can’t stick to a traditional budget. You might have to try a few different approaches to find out which one works best for you.