It’s easy to think that you can go out, buy some software, a system, and POOF, a budget will magically appear for you. The reality is that doing a budget should be a relatively straightforward, quick, simple, and free process.
Let’s dig deeper into why this is so.
What questions would you like to see me answer? Leave me a comment and let me know!
Jason Hull, CFP®, was the co-founder of Broadtree Partners, a firm that acquires $1-5MM EBITDA companies. He also was the co-founder of open source search consultancy OpenSource Connections, a premier Solr and ElasticSearch firm. He and his wife FIREd (financial independence retire early) at 46 and 45, respectively. He has a BS from the United States Military Academy at West Point and a MBA from the University of Virginia Darden Graduate School of Business.
You can read more about him in the About Page.
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One reply on “Personal Finance FAQ Series: Does It Cost Anything to Make a Budget?”
You’re right. I think people get caught up in fancy tools, when budgeting really comes down to tracking and possibly making some tough decisions. Tools just help, but they aren’t the ultimate answer.