And by “breaking news,” I mean “from a new infographic that’s being passed around right now” ;) By a software company called HelloWallet that offers “high-quality, individualized guidance to all Americans.” And, apparently sexy research too.
Because, unlike you fine readers, people tend to not believe me when I say budgets are sexy… It’s like, come on! What’s a guy gotta do around here to prove it? Make a fancy pants graphic?
So, this is my attempt of passing this
new centuries old knowledge as far and wide as possible so there’s never a doubt again on the power of budgeting. They might as well have dubbed it the “J. Money was right, bitches!” infographic. A tad bit catchier, if you ask me ;)
5 More Reasons Budgeters Are Sexy(er):
- Budgeters have twice the the amount of money saved for retirement
- Budgeters have twice the liquid assets vs non-budgeters ($12,600 vs. $5,200)
- 81% of budgeters own a home vs 73% of non-budgeters
- 10% of budgeters pay their bills late vs 22% of non-budgeters
- 35% of budgeters carry credit card balances vs 50% of non-budgeters
Again, all from the wondrous research of HelloWallet when they took an “in-depth look among retirement plan participants,” where they “explored the demographic and behavioral characteristics of those participants who budget versus those who don’t, and examined the impact of budgeting on finances over time.” My favorite takeaway though was that budgeters have $150,000 more in net wealth when compared to other workers with the same wages.
That’s pretty legit stuff right there. I don’t have any pools of retirement plan participants to pull from myself, but I’d like to (unless you count? You ARE participating in retirement plans, right? RIGHT??)
There were some other interesting comparisons they found too, though not directly relating to money:
- 84% of budgeters had college degrees vs 58% of non-budgeters
- 6% of budgeters had only high school diplomas vs 26% of non-budgeters
- 11% of budgeters were found to smoke, or live with a smoker, vs 23% of non-budgeters
- And non-budgeting families are 10x more likely to skimp on medical care than non-budgeters
So. The moral of the story? Budgeters have their $hit together. And they save more in the long run too, while also becoming my very bestest friends. If that’s not enough to get you to pay attention to your money, I don’t know what is.
Keep going, mother budgeters!!
PS: I have now broken the world record for the most usage of “budget” in a single article with 26. Including the headline, and that last usage in this P.S…
PPS: A fun fact: I also own the domain MotherBudgeter.com (but don’t click it).
PPPS: The grand total is now 27.
[Photo by welivefast // Modified by J$]
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!