Weatherhead's Gary Previts gives advice on percentage-based budgeting
WalletHub: Gary Previts, Distinguished University Professor Emeritus at Weatherhead School of Management, said percentage-based budgeting is helpful but should be flexible and reviewed annually. He advised defining necessities carefully, saving first. "Pay your piggy bank first," he said, noting that taxes reduce true take-home pay—so budgeting should reflect that broader financial context.
