According to the SEC ruling, investors in crowd funded equities are entitled to disclosures about the company, the offering, and the business plan, although the disclosures are limited.
The debate about whether a budget is a necessity or a waste of time often centers on a fundamentally flawed definition of budgeting. The exercise of budgeting shouldn’t be designed to limit you, but to give you the freedom to spend money in the manner you wish to spend it.