Comments about ‘New Gallup poll shows two-thirds of Americans do not budget’

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Published: Monday, June 3 2013 11:34 p.m. MDT

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Albert Maslar CPA (Retired)
Absecon, NJ

Budgets for families with recurring regular income need not be formally written; a scratch pad will do. More importantly, discretionary spending should be deferred with the understanding that money for recurring essentials must be reserved. Provide first for all monthly expenses that must be paid; rent or mortgage, auto, utilities, insurance, loans, personal debt, and food allotment. Since all the monthly income will probably be spent, there is no compelling reason to not pay the essentials first, even ahead of schedule. The remainder is the informal budget for the month, dictating the differentiation of wish-list spending from necessary spending. An acquaintance complained of having no money for bus fare to a job interview, but was smoking an $8 cigarette pack. The defense was that this cigarette spending was not "money money," implying that if the spending was not a pile of money, the saving was of no consequence. But she and her husband, even at a minimum of one pack a day between them would be "money money" in that it multiplies to $240 per month or about $3,000 per year. That is just a single item. Does anybody think anymore?

luv2organize
Gainesville, VA

For me services like mint are a great way to get an instant snapshot of where all of your accounts are: savings, retirement, house value, mortgage, etc. I don't use it for anything but that. I do however believe in budgets and am always surprised when my friends look at me strange when I ask what budgeting system they use. Most of them say because they can look on line and see their account balances then they know where they are at. I find that if every dollar is assigned somewhere I am less likely to overspend and I can pay cash for everything.

AConcernedCitizen
Highland, UT

Is it any wonder why our Congress fails to do the same? Sigh...

NedGrimley
Brigham City, UT

Took a Gallup poll to figure that one out? WE can't even get our government to budget, let alone the rest of the entitled masses.

george of the jungle
goshen, UT

I would like to know how not to take 2 steps backwards and 1 step forward.

samhill
Salt Lake City, UT

"....more than two-thirds do not make a budget."

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Well, if nothing else, this certainly helps explain why so many people seem indifferent to the incredible debts and fiscal mismanagement of so many governmental agencies, especially on the federal level.

Unfortunately, as so many of those who are indifferent to fiscal irresponsibility in their own lives eventually find out, we **all** suffer and will suffer much, much more as a result.

Frightening.

Ultra Bob
Cottonwood Heights, UT

Budgets are un-American, they take away freedom to do what you want.
A budget is like making a list and chart for your vacation, it is good to plan ahead but that’s where the value ends. Just make it and file it away.

People who live by a budget, a code, a strict philosophy or any fixed notions have given up their freedom to act independently.

mohokat
Ogden, UT

Are two thirds of Americans Liberals?

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