8 Budget Consultant Business Success Stories [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.
Here are some real life success stories of starting a budget consultant business:
1. 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 they make: $84K/year
How much did it cost to start: $300
Current team size: 1
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.
2. 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 they make: $600K/year
How much did it cost to start: $50K
Current team size: 5
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.
So... can you actually make money with a budget consultant business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
So... can you actually make money with a budget consultant business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
6. Buxfer
Online money management software for tracking expenses, budgets, bill reminders, investments, forecasting, financial planning & more. Join millions of users taking control of their financial future.
How much they make: $600K/year
Where they're located: Santa Clara, CA, USA
How much did it cost to start: $50K
Current team size: 5
Website traffic: 140K/month
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.
7. FTI Consulting
FTI Consulting, Inc. is a global business advisory firm. Explore the multidisciplinary solutions we have for your complex challenges and opportunities.
Where they're located: Memphis, Tennessee, USA
Website traffic: 120K/month
8. The Judge Group
The Judge Group is a consulting, learning, staffing & search solutions providing company in United States and Canada. We’ve been doing this for 50 years for some of the biggest and most recognized names across many industries.
Where they're located: Columbus, Ohio, USA
Website traffic: 80K/month
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
