But that's most Americans. period. They can't budget.
I'm Fifty fucking one years old, and I have had a monthly budget since the day I turned 16. I knew what I had to spend and what I was earning. Yet, more than 80 percent of my friends and colleagues (who range in age from 22 to 82) look like this
when they moan about their bills and expenses and I say "so, what's your monthly nut? What's your household budget?"
Dude, they can't tell you how much is coming in and how much is going out. They use phrases like "oh, about X" About? Is it fixed? "What do you mean by fixed?" Same amount each month or week "Oh, yeah, I get a check" Okay, so how much is that check and what does it total to each month. "I don't know."
Mind you, I'm not prodding for numbers, I'm just asking them to total it and compare it to their expenses and then figure out where to budget. But they live in a world of pure ignorance when it comes to understanding debt, expenses, income, living within your means. It's crazy!
I have one friend who started a business, and it's floundering so he asked me to come help him figure things out. HE OWNS this business, right? So my first question was "what is your bottom line each month?" And he didn't know. He didn't know what costs were fixed, what costs were variable, and hadn't figured out what it took - bare minimum - to keep his doors open each month. WTF!!!!!!??????????