Jesse Mecham is the author of “You Need a Budget” and the founder of a personal-finance platform by the same name. According to Business Insider, he argues that sticking rigidly to a budget just sets people up for failure. Instead, people need to learn to re-prioritize their budgets.
For example, if you spent $50 more eating out one month, you simply spend $50 less on new clothes. He writes, “You’re not accountable to every line item in your budget.” But you are definitely to your bottom line. That is the balance between your money in and your money out.