diff --git a/hledger/Hledger/Cli/Commands/Balance.md b/hledger/Hledger/Cli/Commands/Balance.md
index 93f486350..9e48316e7 100644
--- a/hledger/Hledger/Cli/Commands/Balance.md
+++ b/hledger/Hledger/Cli/Commands/Balance.md
@@ -649,85 +649,6 @@ Budget performance in 2017-11-01..2017-12-31:
 See also: <https://hledger.org/budgeting.html>.
 
 
-#### Budgets and subaccounts
-
-You can add budgets to any account in your account hierarchy. If you have budgets on both parent account and some of its children, then budget(s)
-of the child account(s) would be added to the budget of their parent, much like account balances behave.
-
-In the most simple case this means that once you add a budget to any account, all its parents would have budget as well. 
-
-To illustrate this, consider the following budget:
-```
-~ monthly from 2019/01
-    expenses:personal             $1,000.00
-    expenses:personal:electronics    $100.00
-    liabilities
-```
-
-With this, monthly budget for electronics is defined to be \$100 and budget for personal expenses is an additional $1000, which implicitly means
-that budget for both `expenses:personal` and `expenses` is \$1100.
-
-Transactions in `expenses:personal:electronics` will be counted both towards its \$100 budget and \$1100 of `expenses:personal` , and transactions in any other subaccount of `expenses:personal` would be
-counted towards only towards the budget of `expenses:personal`.
-
-For example, let's consider these transactions:
-```journal
-~ monthly from 2019/01
-    expenses:personal             $1,000.00
-    expenses:personal:electronics    $100.00
-    liabilities
-
-2019/01/01 Google home hub
-    expenses:personal:electronics          $90.00
-    liabilities                           $-90.00
-
-2019/01/02 Phone screen protector
-    expenses:personal:electronics:upgrades          $10.00
-    liabilities
-
-2019/01/02 Weekly train ticket
-    expenses:personal:train tickets       $153.00
-    liabilities
-
-2019/01/03 Flowers
-    expenses:personal          $30.00
-    liabilities
-```
-
-As you can see, we have transactions in `expenses:personal:electronics:upgrades` and `expenses:personal:train tickets`, and since both of these accounts are without explicitly defined budget,
-these transactions would be counted towards budgets of `expenses:personal:electronics` and `expenses:personal` accordingly:
-
-```cli
-$ hledger balance --budget -M
-Budget performance in 2019/01:
-
-                               ||                           Jan 
-===============================++===============================
- expenses                      ||  $283.00 [  26% of  $1100.00] 
- expenses:personal             ||  $283.00 [  26% of  $1100.00] 
- expenses:personal:electronics ||  $100.00 [ 100% of   $100.00] 
- liabilities                   || $-283.00 [  26% of $-1100.00] 
--------------------------------++-------------------------------
-                               ||        0 [                 0] 
-```
-
-And with `--empty`, we can get a better picture of budget allocation and consumption:
-```cli
-$ hledger balance --budget -M --empty
-Budget performance in 2019/01:
-
-                                        ||                           Jan 
-========================================++===============================
- expenses                               ||  $283.00 [  26% of  $1100.00] 
- expenses:personal                      ||  $283.00 [  26% of  $1100.00] 
- expenses:personal:electronics          ||  $100.00 [ 100% of   $100.00] 
- expenses:personal:electronics:upgrades ||   $10.00                      
- expenses:personal:train tickets        ||  $153.00                      
- liabilities                            || $-283.00 [  26% of $-1100.00] 
-----------------------------------------++-------------------------------
-                                        ||        0 [                 0] 
-```
-
 #### Budget date surprises
 
 With small data, or when starting out, you might run into this (possibly a UX bug):