How I learned to stop worrying and love my budget

We talk up budgets quite a bit here at MMI, and with just cause: they’re pretty awesome. Anyone with short-term and long-term goals can benefit from a budget. Really, anyone who has money and then spends that money can benefit from a budget. Rich, poor, middle-class, or however you define yourself, a budget can help you make the most of your money.

Which leads to the question: if budgets are so great, why do so many people not use them?

A recent survey by the National Foundation for Credit Counseling found that 61 percent of adults do not maintain a budget. That’s the largest percent of respondents without a budget in six years – which, you may notice, coincides with the beginning of the financial crisis of 2008.