Voice Over: In spite of the availability of online tools, mobile banking apps and good financial sense, 38% of Americans polled in this month's Financial Security index don't track their monthly spending against a budget. We hit the streets to find out why.
"Well I don't typically check my spending against my budget. Although I have a pretty standardized lifestyle, so I know more or less what my expenses are. But I like to plan a little bit when I make a big luxury purchase.”
"It probably would … yeah I mean, you know … to see how much you're spending. I don't know if that would help me stop doing that, though. It would help me to at least be more aware of it.”
"Actually, I don't set a monthly budget per say, but yeah, I do track my spending. Where I spend the most and how I use my money, but I do try to manage my money.”
"I recently got a new car, so I have to make sure I have that payment every month. And I do have to budget now by looking at my weekly expenses.”
Voice Over: Poor budgeting habits aren't the worst news. After a 2 month improvement, America's feeling on Financial Security posted the largest decline in 11 months, though most of the folks we talked to on camera were feeling positive.
"I feel like I'm on my way. I'm doing better than I was a year ago. I got a couple savings accounts and an IRA. So I'm definitely better off than I was a year ago.”
"Well me personally, I feel good because I just got a new job. Working at city hall around the corner and making some good money, you know?”
"Well a year ago I was feeling better for the first time and now it seems to have slipped a little. And it's gone not as good.”
"I got a steady job so I'm feeling much better about it. A year ago I was still kind of looking so …”
Voice over: To see more of this month's poll results and to find quick and easy home budgeting calculators, just log onto Bankrate.com.