AdvertisementA financial guru has criticized strict budgets, advocating for intuitive spending instead.
Experts suggest balancing intuitive spending with realistic budgeting for financial health.
But Dana Miranda, a certified personal finance educator, told CNBC Make It in a recent interview that strict spending plans can be "toxic."
Instead, she recommended "intuitive spending" and thinking about your money "moment by moment."
But she isn't convinced intuitive spending is a good alternative.
Persons:
Dana Miranda, Miranda, Katrin Kaurov, Doug Carey, Carey, Kaurov, Julie Guntrip, Guntrip
Organizations:
CNBC, Jenius Bank