Home > Education > Financial Planning & Investing > Why You Should Forget About Budgets
Here’s a better way to build financial security.
Budget. That dreaded “B” word. Everybody thinks they need one. Many try to make one, and a few actually manage to follow it.
But here’s what I want you to do: Throw it away.
Forget budgeting. It just doesn’t work. In my bestselling book Ordinary People, Extraordinary Wealth, we surveyed 5,000 financially successful Americans from all different backgrounds — from a secretary to a naval officer — and one thing they had in common was this: They don’t use budgets.
If you don’t know how much you should be saving, ask us. That’s what we do as financial planners. You might be shocked at how low that number is, and you might be further surprised at how much of it you’re already doing.
Thus, all your worrying about budgeting is for naught.
See? Financial planning really can be fun!