The Rodney Dangerfield of Money Management Tools
It's quiz time. What money management tool is used by over half of all millionaires in the U.S. yet is widely despised by most non-millionaires? Answer: a budget. The lowly budget's image problem was the focus of a recent article by syndicated columnist Gregory Karp, and I was pleased to be part of the story ( read the article here ). Most non-users seem to think of a budget as a ball and chain. But those who use one say it gives them control over their money and helps them build savings.
Matt's View
If you'd like to give a budget a try, and I highly recommend that you do, I have a "quick start guide" along with simple forms you can download for free on my web site . I can't vouch for the late Rodney Dangerfield, but I think budgets deserve our respect--and our use.
This article filed in: Saving
Managing Money by The Book
- "To keep me from becoming conceited because of these surpassingly great revelations, there was given me a thorn in my flesh, a messenger of Satan, to torment me. Three times I pleaded with the Lord to take it away from me. But he said to me, 'My grace is sufficient for you, for my power is made perfect in weakness.'" - 2 Corinthians 12:7-9
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