Budgeting and sacrifice seem to go together. Since this is my blog and I do not believe in sacrifice that just won’t do. However I see it all the time with many common budgeting models.
Over spending is not sustainable, and I would consider this one extreme.
Extreme Frugality is not sustainable for most either, although many make an attempt after overspending..
The goal should be a happy medium, where life works, you have fun and live with in your means.
When creating a cash flow plan, putting ever cent towards debt may seem like a good idea, but if this leaves you with the feeling of sacrifice it is unlikely to help. Too often the sacrifice is breaks with another extreme swing back to spending.
I view this like a pendulum. Once in this cycle it tends to go from one extreme to the other, Overspending to pinching every penny. since neither of these is sustainable, it becomes a trap, with more frequent and devastating swings between the extremes.
When creating a cash flow plan, avoid the extremes and avoid sacrifice. Build a cash flow plan that you can live with long term. Although it seems saving every dollar would get you ahead faster, by creating a level plan you can stick to, often the results come faster.