Suze Orman Says You Should Ditch Your Budget This Year Or Else You May 'Explode' [Yahoo! Finance]
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Orman's advice may seem unconventional, but Orman, an expert in finance who hosts the podcast "Women & Money (and Everyone Smart Enough to Listen)," disagrees with strict budgets. In an interview with the Wall Street Journal, Orman said she hates budgets and compared them to crash or fad diets that are doomed to fail. Don't Miss: If the United States had access to today's high-yield savings accounts rates in 2015, it wouldn't need to save another penny. The average American couple has saved this much money for retirement — How do you compare She said, "If you restrict, you limit, you cut back, you don't buy this, you don't buy that, and then all of a sudden, you explode, and you go out and you buy everything at once." Orman believes this behavior won't help you save money. Instead, it encourages bingeing similar to cheat days when you're dieting Fixating on things you shouldn't buy is not a healthy way to handle your money. One survey found that 83% of Americans who have
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