I get it. Budgeting is not the coolest or flashiest thing to talk about when it comes to financial planning. It is like the two-a-day practices you used to dread when you were playing high school sports. Or the endless scales if you are a musician. Budgeting is tedious, time-consuming, and challenges you to take a look at what you’re doing with your hard-earned money.
I find it a good practice to keep track of my monthly expenses, from variable spending such as entertainment and travel to more fixed expenses like housing and utilities. It seems more and more companies offer monthly subscriptions or 1-2 year contracts at a fixed price with the price typically increasing at the end of the contract.