Budgeting Poll Results
Well, the first Money Poll was a great success with 187 responses as of this writing. Thanks to all who participated. The question of the week was “Do you make/follow a budget?” As I stated in the original poll post, we tend to pay ourselves first and then let the chips fall where they may. So how does everyone else do it?
Here are the results:
44% — I tend to save/invest first, and then let the chips fall where they may
26% — Yep, I know where every cent is going before I even earn it
17% — I rough things out in my head, and then do my best to follow it (sort of)
6% — Budget? What’s a budget?
5% — Well… I make a budget, but I rarely stick to it
2% — Other (see the comments section)
I have to admit that I was a bit surprised that we’re amongst the majority… Given the audience, I thought that there might be more hardcore budgeters out there. Anything jump out at you from these data? If so, please leave a comment. Oh, and I’m going to leave the poll open, so feel free to drop by and leave a response if you haven’t had a chance to do so yet.
Be sure to check back next week for the next poll in the series. And if you have any ideas as to poll questions that you’d like to see, please don’t hesitate to contact me.
Disclaimer: Discover is a paid advertiser of this site.
Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.
Filed under: Polls
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
Related articles...
» Money Poll #2: Coupons» Telecommunciations Spending Poll Results
» Money Poll #3: Credit Cards
» Tax Preparation Poll Results
» Rent vs. Own Poll Results
» Bank Account Poll Results
» Online Shopping Poll Results
» Lawn Mowing Poll Results
Was this article useful? Please sign up to receive our content via e-mail:
2 Responses to “Budgeting Poll Results”
Leave a Reply
Top Cards by Category
Earn 100 Reward Dollars after you make $1,000 in purchases in the first three months of Cardmembership.
Bonus Miles: Earn 30,000 bonus miles toward Award Travel after you spend $500 on the Card within the first three months of Cardmembership. Earn As You Spend: Get 2X miles on Delta purchases and 1X miles for all other eligible dollars spent.
Consumer friendly credit card with a great low rate of 7.25% and save on interest charges. No balance transfer fees and no annual fee.
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
Consumer friendly credit card with a great low rate of 7.25% and save on interest charges. No balance transfer fees and no annual fee.
Limited Time Offer: Get 25,000 Membership Rewards(R) points after you spend $5,000 in the first three months of Card membership. Enroll and select a qualifying airline to receive up to $200 annually in statement credits for incidental fees, such as checked bags and in-flight refreshments, charged by the airline.
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math
- Dish Network Customer Service SUCKS
- $8,000 Homebuyer Tax Credit
- Pay Off Mortgage Early or Invest?
- How to Claim the First-Time Homebuyer Tax Credit
- Termite Control: Sentricon vs. Termidor
- How Much Should You Pay a Babysitter?
- Ethanol Blended Gas = Lower Mileage?
- Reduced Credit Limits? Share Your Experience
- $15,000 Homebuyer Tax Credit
- Will Mac OS X Lion Kill Quicken 2007?
- Federal Income Tax Rates Went Down but Your Federal Tax Withholding Increased. Here's Why...
How to save money on insurance
- Working longer: Fallback or fallacy?
- More money, more happiness: Do you think money can buy happiness?
- Overdraft fees soared to $32 billion in 2012
- How do you combat prom inflation?
- How should you choose a bank? Look in the mirror.
- The cost of clean water
- College debt 101
- Is it possible to live debt free?
- How to prepare for a home appraisal
- Home prices are up: good news or bad?
February 25th, 2006 at 5:00 am
If you pay yourself first, you can be just as frugal without a rigid budget as with one. Indeed, in my case I’m _more_ able to save by discarding the notion of a fixed budget, because my method makes an unanticipated expense more likely to be paid for by cutting back some other expense than by dipping into savings.