<prompt> Human: I know budgeting is extremely important for low income familiesindividuals but for those of you who make 607080k do you actively budget or just allocate money and spend as needed?  <response>: I do not budget. I read The Millionaire Next Door when it first came out as a teenager and saw that a large number of those frugal millionaires described in the book did not bother with a budget. It has worked out well for me. 