November is financial literacy month in Canada, and for the seventh straight year the government will encourage Canadians to:

take concrete actions to better manage their money and debt, including making a budget, having a savings plan and understanding their financial rights and responsibilities.

So, the solution to all of our financial problems is to make a budget.

I disagree.

In my experience, budget's don't work for most people, because they don't stick to them. They get discouraged, and they end up worse off than before.

I've talked a lot about what I believe is a better alternative to budgeting, and on today's show I'll give a better alternative to how we are currently promoting financial literacy.