Budget Consultant Business

2 Budget Consultant Business Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

If you have a keen interest in finance and understand budgeting, starting a budget consulting business could be a great idea for you.

With this business, you can offer personalized financial advice, expense analysis, and savings strategies to both individuals and small businesses.

Whether it's retirement planning, debt management, or creating a savings plan, you can help clients achieve their financial objectives and make a meaningful impact in their lives.

One of the best things about this business is that it provides flexibility in terms of scheduling.

You can make it your side hustle or turn it into a full-time venture, depending on your preference and availability.

By starting your own consulting business, you can tap into this market and empower others to take control of their financial future.

In this list, you'll find real-world budget consultant business success stories and very profitable examples of starting a budget consultant business that makes money.

1. Buxfer ($600K/year)

Shashank Pandit, the Founder and CEO of Buxfer, came up with the idea for the budgeting app while he was a grad student at Carnegie Mellon in Pittsburgh. He and his friends built a prototype to help students track and split expenses, which gained popularity on campus. After working at Facebook for five years, Shashank noticed that Buxfer had grown significantly and decided to turn it into a full-time job, revamping and modernizing the app. The company is now profitable with a 15-person team and aims to have a lasting impact in the budgeting app market by incorporating automated financial advice.

How much money it makes: $600K/year
How much did it cost to start: $50K
How many people on the team: 5

I Left My Job At Facebook To Go Full-Time On My Budgeting App [$600K/Year]

Bootstrapped budgeting app Buxfer, founded by Shashank Pandit, has grown organically to profitability with a 15-person team and $0 spent on marketing, targeting niche "finance power users" with strong connections to banks all over the world.

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Read by 4,655 founders

2. Money Tamer (Now HerPaperRoute) ($84K/year)

A zookeeper by profession, Steffa started this finance blog when she had her son as a way to earn a passive income and fulfull her interests, and entering this niche stemmed from her interest in finance, which she even joked among her coworkers in the zoo.

How much money it makes: $84K/year
How much did it cost to start: $300
How many people on the team: 1

How I Transitioned From Vocational Zookeeper To Starting A $7K/Month Blog About Personal Finance And Budgeting

Learn how Steffa Mantilla transitioned from being a zookeeper to earning $7,000/month gross income through her personal finance blog, Money Tamer, by offering digital printables and focusing on SEO and email marketing.

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Read by 6,344 founders