Financial expert Suze Orman suggests that retirees can stop budgeting if basic expenses are covered

From Yahoo Finance: 2025-06-29 08:01:00

Money expert Suze Orman denounces budgeting, preferring a loose approach of saving a percentage of income monthly and using the rest freely. While this may work for those working, retirees should continue budgeting unless they have saved enough for basic expenses. Diligent savers may not need to budget if essential needs are covered by reliable income sources.

Retirees who followed Orman’s savings advice earlier in life may have the ability to stop budgeting in their golden years. A systematic and detailed budget may not be as crucial for retirees with a solid net worth, as their lifestyles will likely be stable. Budgeting may be unnecessary if essential needs are covered by reliable income sources.



Read more at Yahoo Finance: Here’s When Retirees Can Stop Budgeting