--- title: 5 Budget Myths to Ignore in 2019 description: Five budget myths you should ignore in the new year 2019. Myths busted include budgets are inflexible, one size fits all, only for certain people, and will strip you of fun and small pleasures image: https://www.beyonddebt.com.au/hubfs/balance-business-calculator-163032.jpg --- ![Top bar image](https://www.beyonddebt.com.au/hubfs/Assets%202019/Top%20bar%20image.jpg "Top bar image") ###### ![](https://www.beyonddebt.com.au/hubfs/Assets%202019/Tv.svg)Did you see us on TV? - [Click Here](https://www.beyonddebt.com.au/debt-help) ![Close](https://www.beyonddebt.com.au/hubfs/Assets%202019/Close.svg "Close") [![Logo](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Beyond%20Debt%20black.png?width=560&height=128&name=Beyond%20Debt%20black.png "Logo")](https://www.beyonddebt.com.au) [![Logo](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Beyond%20Debt%20white.png?width=560&height=128&name=Beyond%20Debt%20white.png "Logo")](https://www.beyonddebt.com.au) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)**1300 284 091**](tel:1300%20284%20091) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)![](https://www.beyonddebt.com.au/hubfs/Beyond%20Debt%20October2017/small-icon.svg)**1300 284 091**](tel:1300%20284%20091) [![Free Consultation](https://no-cache.hubspot.com/cta/default/2583772/02eddd09-66a0-4e61-9e59-63ae64bfd94a.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/02eddd09-66a0-4e61-9e59-63ae64bfd94a) #### [1300 284 091](tel:1300%20284%20091) - ##### [Eliminate Debt](https://www.beyonddebt.com.au/blog/topic/eliminate-debt) [## How to Get Out of Debt in 2026: The Australian's Step-by-Step Guide (And Free Budget Planner) ](https://www.beyonddebt.com.au/blog/take-control-of-your-debt) [Read Article](https://www.beyonddebt.com.au/blog/take-control-of-your-debt) - ###### [Gifts & Holidays](https://www.beyonddebt.com.au/blog/topic/gifts-holidays) - ###### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) - ###### [Handle Money](https://www.beyonddebt.com.au/blog/topic/handle-money) # [5 Budget Myths to Ignore in 2019](https://www.beyonddebt.com.au/blog/5-budget-myths-to-ignore-in-2019) - ###### Kristin Perissinotto - ###### 22 Dec 2018 ###### LATEST ARTICLES - Gifts & Holidays - Personal Finance Basics - Handle Money [Back to blog](https://www.beyonddebt.com.au/blog) - Share - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.beyonddebt.com.au%2Fblog%2F5-budget-myths-to-ignore-in-2019) - [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.beyonddebt.com.au%2Fblog%2F5-budget-myths-to-ignore-in-2019) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.beyonddebt.com.au/blog/5-budget-myths-to-ignore-in-2019) If your goals for 2019 are financial, you will need to build a [budget](https://blog.beyonddebt.com.au/budget-planning-for-the-new-year) that works for you. [Staying on budget](https://blog.beyonddebt.com.au/7-ways-to-stay-on-budget-in-2019) doesn't have to be hard, or restrictive. The easier to follow your budget is, the more likely you are to stay on track and achieve your savings goals. Here are five budget myths to avoid in 2019. ![budget myth new year](https://www.beyonddebt.com.au/hs-fs/hubfs/balance-business-calculator-163032.jpg?width=450&name=balance-business-calculator-163032.jpg) ## 1. Budgets aren't one-size-fits-all Budgeting needs to be [personalised](https://blog.beyonddebt.com.au/budgeting-for-you) to you. Some people will like to hand write all their expenses and income, others will use an [app](https://blog.beyonddebt.com.au/6-budgeting-apps-for-2018) or spreadsheet. Use whatever you feel most comfortable with, and choose a system that suits your life. If you are into health and fitness, make this a category of your budget. If you like to bake on the weekend, ensure there is room in your weekly costs to buy ingredients. A template is a great start when building a budget, but be sure to make it your own. ## 2. Budgets are inflexible The best, most effective budget is one that is flexible. You will never be able to plan for every purchase, and some months will always be more expensive than others. Keep this in mind when planning your budget, and come back to reassess it each month. It's important to adapt your budget to any changes in your life, job, or living arrangement. ![budget myth inflexible](https://www.beyonddebt.com.au/hs-fs/hubfs/accounting-blur-business-1028726-1.jpg?width=450&name=accounting-blur-business-1028726-1.jpg) ## 3. Budgets deprive you of fun Most people will think there's nothing fun about the word 'budget', and that following one will mean you can never have fun again. But there are lots of [activities](https://blog.beyonddebt.com.au/cheap-weekend-fun-for-everyone) you can do that are cheap or free! You don't have to spend a lot to have a good weekend or fun night, just use some creativity and the internet to find some affordable activities! ## 4. Budgets mean giving up pleasures We often see budgets as something that aims to strip us of our small pleasures in life. If you've ever read anything about budgeting or saving money, you've probably come across the figures that say you're wasting a lot of money on buying coffee out. But if getting a takeaway coffee is the best part of your commute to work, or adds significant value to your day, make room for it. A budget that works for you is the budget you will be able to stick to. You should, however, consider buying a reusable coffee cup if you are buying a brew every day. They are significantly better for the environment, and will save you a bit of cash every time. ![budgets budget myth](https://www.beyonddebt.com.au/hs-fs/hubfs/alone-bills-calculator-1253591-1.jpg?width=450&name=alone-bills-calculator-1253591-1.jpg) ## 5. Budgets are for people who have X amount of money This one goes two ways. Some people feel that they earn enough money not to have to budget, whereas other may say they don't bring in enough cash to make a budget. Budget is an important skill for people of all levels of wealth. Knowing exactly where your money is going every week is an integral skill if you want to lead a financially healthy life. So don't wait until you earn a certain amount of money to build a budget, start now! ###### Ready to become debt free? #### Take the first step to a debt free future [Ready to become debt free?](https://info.beyonddebt.com.au/request-a-consultation) ### You might find these interesting - ##### [Gifts & Holidays](https://www.beyonddebt.com.au/blog/topic/gifts-holidays) ## [Amazing Affordable Clutter Free Gifts](https://www.beyonddebt.com.au/blog/amazing-affordable-clutter-free-gifts) - ###### Ben Paris - ###### 14 Dec 2022 - ##### [Gifts & Holidays](https://www.beyonddebt.com.au/blog/topic/gifts-holidays) ## [Christmas holiday activities that won’t break the bank](https://www.beyonddebt.com.au/blog/christmas-holiday-activities-that-wont-break-the-bank) - ###### Kristin Perissinotto - ###### 11 Nov 2021 - ##### [Gifts & Holidays](https://www.beyonddebt.com.au/blog/topic/gifts-holidays) ## [Survive Christmas with your savings and sanity in tact!](https://www.beyonddebt.com.au/blog/survive-christmas-with-your-savings-and-sanity-in-tact) - ###### Kristin Perissinotto - ###### 11 Nov 2021 - [Personal Finance Basics (126)](https://www.beyonddebt.com.au/blog/tag/personal-finance-basics) - [Handle Money (100)](https://www.beyonddebt.com.au/blog/tag/handle-money) - [Everyday Expenses (61)](https://www.beyonddebt.com.au/blog/tag/everyday-expenses) - [Affordable Living (50)](https://www.beyonddebt.com.au/blog/tag/affordable-living) - [Build Savings (33)](https://www.beyonddebt.com.au/blog/tag/build-savings) ## Ready to become debt free? #### Speak with one of our specialists to start your future [![About Beyond Debt](https://no-cache.hubspot.com/cta/default/2583772/e771166e-724a-4461-9ee9-fd819c4c0fe2.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/e771166e-724a-4461-9ee9-fd819c4c0fe2) [![Get Help](https://no-cache.hubspot.com/cta/default/2583772/8ac6a951-8425-44d9-91d4-0928fca0084e.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/8ac6a951-8425-44d9-91d4-0928fca0084e) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)![](https://www.beyonddebt.com.au/hubfs/Beyond%20Debt%20October2017/small-icon.svg)**1300 284 091**](tel:1300%20284%20091) - ![Family-Owned-transparent-300x158](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Family-Owned-transparent-300x158.png?width=115&name=Family-Owned-transparent-300x158.png) - ![pipa_logo_transparent_300w_100h](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/pipa_logo_transparent_300w_100h.png?width=151&name=pipa_logo_transparent_300w_100h.png) - ![Feefo](https://www.beyonddebt.com.au/hs-fs/hubfs/Feefo.png?width=115&name=Feefo.png) ##### Debt Help ##### Company ##### Resources Beyond Debt is a trading name of DCS Group Aust Pty Ltd. 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