51 Budgeting Quotes to Inspire You

I am a huge fan of quotes and in today’s post, I would like to share some amazing budgeting quotes that I found on the net. It is my hope that these quotes will inspire you in your personal finance management journey.

We all know the importance of budgeting in personal finance. It is an old school tool that continues to be used to control our limited resources in this world.

Both governments and corporations use budgets as a valuable tool in their arsenal You too need to learn from them and start budgeting your family or individual resources.

Below are some of the quotes on budgeting that I have found.

“A budget is telling your money where to go instead of wondering where it went.” – Dave Ramsey.

I know from what it means to live without a budget. You look back and wander where your money went. All this could be avoided by spending an hour or so or even less to prepare your personal or family budget. Then you will be able to know exactly where your money went.

“Budget: A mathematical confirmation of your suspicions.” – A.A. Latimer.

The first time I saw this budget quote from Latimer I smiled. A budget is really a mathematical representation of your wishes and goals.

“The art of living easily as to money is to pitch your scale of living one degree below your means.” – Sir Henry Taylor.

Some wonderful advice on not living beyond your means, i.e., living a degree below your means.

William Feather - Budgeting quotes
William Feather

“A budget tells us what we can’t afford, but it doesn’t keep us from buying it.” – William Feather(1889-1981)

“Beware of little expenses a small leak will sink a great ship.” – Benjamin Franklin.

“A budget is more than just a series of numbers on a page; it is an embodiment of our values.” – Barack Obama.

Budgeting Quotes To Inspire You: Barack Obama

“Becoming rich is hard. Staying broke is hard. Choose your hard.” – Eric Worre.

“Budgeting has only one rule: Do not go over budget.” – Leslie Tayne.

“You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing. and then do them so well that people can’t take their eyes off you.” – Maya Angelou.

Maya Angelou reciting a poem about money

“Wyclef is a musician that tried to unite as many musicians at once as possible. I am trying to be successful at that. The greatest challenge is that, I just got arrested for protesting in NYC for cutting the school budget…And I think that it’s important to stand up. Schools are important.” – Wyclef Jean.

“Do not value money for any more nor any less than its worth; it is a good servant but a bad master.” – Alexandre Dumas.

“It’s clearly a budget. It’s got a lot of numbers in it.” – George W Bush.

“I believe in ‘last in, first out’ budgeting, … If you go to any company, any family budget, that’s what you usually cut in a time when you can’t afford things. We are at a very critical point where we have to make decisions about whether we can really afford this huge new entitlement.” – Gil Gutknecht.

“I grew up in a world before people had credit cards, there were no magic cards – it was all about budgeting. – Anthea Turner.

“The practice of thrift is not outdated. We must discipline ourselves to live within our incomes even if it means going without or making do. The wise person can distinguish…between basic needs and extravagant wants. Some find budgeting extremely painful, but I promise you, it is never fatal.” – Marvin J. Ashton.

“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people that they don’t like.” – Will Rogers.

“The administration has a disturbing pattern of behavior when it comes to budgeting not only for the ongoing operations in Iraq and Afghanistan but also for military requirements not directly related to these conflicts.” Russ Feingold.

“The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.” – Thomas J Stanly & William D. Danko.

George Pataki, former Governor of New York - Budgeting quote.
George Pataki

“This budget reflects a choice – not an easy choice, but the right choice. And when you think about it, the only choice. The choice to take the responsible prudent path to fiscal stability, economic growth, and opportunity.” – George Pataki.

While I am more in the liberal wing I agree with George Pataki here on the need for fiscal discipline. At least some level of fiscal discipline is in order.

“Stopping advertising to save money is like stopping your watch to save time.” – Henry Ford.

“Approach every film with the same enthusiasm, regardless of its budget.” – Lou Diamond Phillips.

“I think we have to notice that the business processes we use right now for thinking and planning and budgeting and strategy are all delivered on very tight agendas.” – Margaret J Wheatly.

“Don’t tell me where your priorities are. Show me where you spend your money, and I will tell you what they are.” – James W Frick.

Some of us spend money like a drunked sailer as one politician recently put it. And expensese like these give a clear indication of where your priorities are.

“Smart financial planning – such as budgeting, saving for emergencies, and preparing for retirement – can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.” – Ben Bernanke.

“I was originally supposed to become an engineer but the thought of having to expend my creative energy on things that make practical everyday life even more refined, with a loathsome capital gain as the goal, was unbearable to me.” – Albert Einstein.

“I did a record with a producer, and the good producers eat up the budget, so I didn’t have any budget left to produce this record. I had to produce it myself.” – Sean Lennon.

“Budgeting is the very last section of the class. We teach students how to manage money.” – Wes Smith.

“The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome becomes bankrupt. People must again learn to work, instead of living on public assistance.” – Cicero.

“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” – Edmund Burke.

This is really sound advice for anyone who is doing well financially. It is easy for the rich to be enslaved by the wealth. It only leads to stress and depression and eventually other health problems. We should be in command of our wealth.

“Do not save what is left after spending… but spend what is left after saving.” – Warren Buffett.

The wizard of Omaha is spot on here. Saving should not be an afterthought. It should be included in your budget before you start spending. If you do that you will be surprised at the amount of money you will be able to save.

Warren Buffett - Quote on money
Warren Buffett

“Time is the scarcest resource and unless it is managed nothing else can be managed.” – Peter Drucker.

I first heard of Peter Drucker, a management guru, some 20 years ago in College. He was the foremost management expert then and one of his books was the main textbook for one of my courses. And he is spot on here, if you can manage your time properly you will achieve a lot. As they say time is money, therefore use it efficiently and effectively.

“Bush has never sent over a balanced budget.” – Chaka Fattah.

“What you don’t do, if you’re an adult, is decide that you’re going to budget things through a sequester. What does that word have to do with budgeting? It’s like if you have a family budget and go, “We really don’t know what to take out economically from the budget, so we’re going to whack out protein for this week.” – Lewis Black.

“Gender budgeting is about making sure that public money is spent on the whole population, not just a few people, and that it actively promotes equality.” – Jill Wood, Engender.

Since politics is controlled mostly by men it is easy for them to ignore the needs of women. A good government has to make deliberate efforts to include the needs of women in their budgets. Without this there is a danger that the needs of women may not be taken care of. Eventually the best solution in my opinion is to enact laws that makes sure that at least 30 % of the legislators are women.

“We budget to win the Six Nations as that gives you maximum revenue, but you are also budgeting to pay win bonuses.” – Francis Baron.

Carly Fiorina - Quote on zero based budgeting.
Carly Fiorina

“I have advocated for rolling back regulations, simplifying the tax code and moving to zero-based budgeting – policies that will support small businesses and raise up the middle class.” – Carly Fiorina.

Having worked as a civil servant for some years I would agree with Carly on the need to use zero based budgeting in government. It will false government departments to reanalyse their priorities evey year. This is because with zero based budgeting you start from zero everytime you prepare a budget. Whereas in most budget it is just a question of putting a percentage to last years amounts and then including new items or taking out others.

I however do not agree with her idea of rolling back regulations. Those regulations are there to ensure that there is a level playing field. Getting rid of regulations will only benefit the big corporations.

“Those who analogize the federal budget to a family’s budget must know nothing about either.” – Robert Reich.

True. The government can print money and therefore is able to spend beyond its means sometimes as long as it is not too much. Whereas you and me cannot spend anyhow otherwise we will be in trouble with lenders. There is not much leeway in a family’s budget.

“The real goal should be reduced government spending, rather than balanced budgets achieved by ever-rising tax rates to cover ever-rising spending.” – Thomas Sowell.

We live in a time when you feel like we are being overtaxed. It therefore does not make sense for the government to keep on raising tax rates. This will eventually affect adversely the economy, as taxpayers won’t have much in terms of disposable income. And with lower disposable income comes less spending and consequently less income for manufacturers and other companies.

“The important aspect as we look at this budget, and as we look at previous budgets, is the budget system – what I’m trying to get at is changing budgeting itself in Wisconsin.” – Scott McCallum.

As already pointed out I believe that government budgeting in real need of on overhaul. It is time for experts to meet and decide on the best way to budget at the state and federal level.

“The budgeting cycles that state agencies go through are not conducive to the rapid deployment of new technology.” Ron Rohrer.

Government bureaucracy delays things sometimes even though the regulations were put there for good reasons. Unfortunately the civil service becomes enslaved by these regulations and have little room for flexibility. While corporations can decide within a short period of time to change governements take a long time to change. Any major decisions in government has to go through all sorts of bureaucratic leavels.

“Any idiot can point out a problem…A leader is willing to do something about it! Leaders solve problems!” – Tony Robbins.

I wish this message would be given to some of our leaders. They are very good at pointing out their aspirations but do nothing about it. Talk is cheap. A leader has to find a way so solve all sorts of problems.

“When you’re working with a smaller budget I suppose one of the things that has to be in your mind when you are writing is that you have to keep the characters down to a minimum.” – Atom Egoyan.

In others spend within your means. Do overspend and eventually sink into debts to meet that expensive lifestyle. Most of us need to learn that.

“If you don’t value your time, neither will others. Stop giving away your time and talents. Value what you know and start charging for it.” – Kim Garst.

“If you would be wealthy, think of saving as well as getting.” – Benjamin Franklin.

Benjamin Franklin quote on saving money.
Benjamin Franklin

“That is why you call it a budget. A You set it and you don Budge.” – Jennifer Morrison.

“Budgeting is a non negotiable trait to become rich.” – Ashish Bhave.

I certainly agree with this budgeting quote. You cannot expect to prosper in this world without some level of budgeting.

“Our digital future is about enabling better productivity and decision-making to enjoy a better quality of lie.” – Yacine Baroudi.

“Before Mint.com, I was a long-time user of ‘Microsoft Money’ and Intuit’s ‘Quicken’. Both were powerful tools, loaded with features and functionality around taxes, investment, budgeting – too feature-laden, in fact. They took hours to set up, forever to learn, and an hour a week to maintain.” – Aaron Patzer.

We have come a long way indeed. I grew up preparing my budgets on paper. But as more and more people become more technological savvy the world has changed. People are now using alls sorts of apps for budgeting. It is indeed a new world.

“You don’t have to see the whole staircase, just take the first step.” – Martin Luther King, Jr.

As far as budgeting is concerned you really have to take the first step. It is useless to mention the importance of budgeting and yet not use it yourself. There are so many apps out there that you can use in your budgeting journey. Some of the names include Mint, YNAB, PocketGuard, Goodbudget.

Martin Luther King Jr. - "You don't have to see the whole staircase, just take the first step."
Martin Luther King Jr

“Money is like love; it kills slowly and painfully the one who withholds it, and enlivens the other who turns it on his fellow man.” – Kahlil Gibran.

“Budgeting one time revenues are a bad idea. There have been problems with past boards and I don’t want to see that happen again.” – Charles Erdman.

“Don’t think of saving money as a punishment. Think of saving money as a lifestyle change and a means to freedom.” – Emily G. Stroud.

Saving money is really as lifestyle change and a means to freedom. Once you have accumulated a lot of money you will be pleasantly surprised at the freedom that you will have to do whatever you want. Money gives the freedom to travel to places you could not afford before.

“Many folks think they aren’t good at earning money when what they don’t know is how to use it.” – Frank A Clark.

Most people would be surprised at the way they spend their money. Just spend an hour or so reviewing your monthly income and expenses. If you don’t budget at all you may be shocked at what you are doing to yourself. I believe that it is really important that we all learn how to efficiently use our money. Once you nail this you will find that earning money too will be easy for you.

“They became millionaires by budgeting and controlling expenses, and they maintain their affluent status the same way. Sometimes.” Thomas J Stanley.


So here we are – quotes on budgeting that will make your day and help you manage your finances effectively. The important thing is to take action and not just read these quotes and appreciate the messages in them.