Today people struggle with overspending and balancing a checkbook. Many people live outside their means and struggle to maintain a healthy level of savings. When the financial industry shifted from products to financial planning back in the 1970s there was a large emphasis placed on budgets. If you’re like myself, budgeting can seem daunting, exhausting, and ineffective. There are variations such as the envelope system, limiting how much is spent in each category, and freezing credit cards to only spend cash.