Never jumped on the budgeting bandwagon?

A similar 56% of survey respondents said they didnt know how much money they spent last month.

But theres a good case to be made for tracking your money.

This circular pie chart of people is divided in half to represent half of the population who don’t budget.

Feeling overwhelmed? Create a budget that works for you with ourbudgeting bootcamp!

Just 6% of Americans said they dont budget because they know theyll overspend anyway.

7 Ways to Make Money if You Hate People

Do you avoid people too?

Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.

Article image

These results didnt particularly surprise Rebecca Wiggins, executive director of the Association for Financial Counseling and Planning Education.

But taking the time to create a meaningful spending plan goes beyond debits and credits, she said.

What Else Our Spending Reveals

The Penny Hoarder asked people about their spending and budgeting habits broadly.

Article image

Clearly, we have some dirty little secrets.

Youre the master over your money.

If your first budget isnt serving you well,scrap it and try a new one.

You might also consider simplytracking your expensesrather than developing a full-blown budget.

Budget or no budget, we all want to live our best financial lives.

Survey responses are weighted so that each response is representative of the U.S. population.

Nicole Dow is a senior writer at The Penny Hoarder.

Chris Zuppa, The Penny Hoarders multimedia content creator, contributed to this report.

No Interest Til Almost 2027?

Balance Transfer = Credit Card Cheat Code