See also: Test your money savings skills.
To find out how Americans view their own budgeting prowess, the AARP Bulletin teamed up with the independent research firm of ORC International on a national poll. Here’s what they found.
American Adults and Their Personal Budget
|Do you have a monthly budget that you try to follow?|
|If you don’t follow a monthly budget, what’s the main reason?|
|Not worth my time||22||21|
|Don’t have time||20||5|
|Spend all my earnings||15||12|
|Tried, didn’t work||14||14|
|Don’t know how to set one up||9||4|
|Someone else does it for me||4||5|
|If you don’t have a budget, do you wish you did?|
The results were taken from a survey of 1,019 adults age 18 and older conducted Feb. 23-26, 2012.
Also of interest: Go a week without spending any money.