I have tried to personally budget on numerous occasions. I have tried excel spreadsheets, Quicken and other software. I hate budgeting, most people I know also hate it as it’s pretty boring and can lead to some uncomfortable conversations both of which we tend to avoid. The trouble I have is how to budget the lumpy items, the cash and the one-offs. Given these hurdles I often give up.
When people come to me with questions about investing, those questions, irrespective of the net-worth of the client, always lead to budgets.