Why You Don't Need a Budget

What can you do to manage your money, and why you don’t need a budget?

Learn why you don’t need a budget and how to improve your relationship with money. Then, kick off your journey to financial independence by eliminating credit card debt with this free 7-Step Credit Card Debt Slasher.

How to be mindful of your spending without using a budget

Want to quit your budget? Or stop feeling bad about your debt? What if you don’t need a budget to manage your money effectively?

Dana Miranda is a Certified Educator in Personal Finance and the Founder of Healthy Rich, a platform for inclusive, budget-free financial education.

On this episode of Queer Money, Dana joins us to discuss what budget culture looks like in a capitalist system, challenging us to reframe words like DEBT and BUDGET as neutral terms. Dana explains the shift to anti-debt shaming in the personal finance space and describes the unique challenges the LGBTQ community faces in paying off debt.

Listen in for insight on deciding which debts to pay off and which debts to let ride and learn Dana’s top mindfulness practices for improving your relationship with money!

Listen to get more insight on why you don’t need a budget

Topics covered on why you don’t need a budget

How Dana defines budget culture and what it looks like in our capitalist system
What’s behind the shift to anti-debt shaming in the personal finance space
How seeing debt as morally neutral helps us make better decisions around money
The systemic forces that cause a higher cost of living for the LGBTQ community
Understanding how different debt products work and why debt payoff is not the right goal for everyone
How to decide which debts to pay off and which debts to let ride
How Dana thinks about reclaiming words like DEBT and BUDGET as neutral terms
Why you should know who holds your debt and the consequences of not paying it
Why it’s crucial to find a voice you connect with in the personal finance space
What unique challenges the queer community faces in paying off debt
The relationship between mindfulness work and your relationship with money
What you need to know about the mortgage or car loan numbers you’re given

Connect with Dana Miranda

Healthy Rich
Healthy Rich Education on Instagram
Healthy Rich Education on Facebook
Dana Miranda on LinkedIn
JustDanaMiranda on Twitter

Resources on why you don’t need a budget

Dana’s Article on Getting Mortgage Need to Educate Yourself in Business Insider
Dana’s Article on Never Refinancing Student Loan Debt Shamed in Business Insider
HealthRich.co Pay Off Credit Card Debt
HealthyRich.co Debt Stories
Financial Feminist by Tori Dunlap
AnnualCreditReport.com
CreditWise

Connect with David and John

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We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com) and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.

Why You Don’t Need a Budget