Monthly Budgeting 

What is Budgeting 

 Basically, it’s making sure that you’re spending less than you’re earning and planning for both the    short and long term.

many people think of budgeting as depriving themselves and they avoid it like they do a diet. However, just as a diet is really a program for eating, budgeting is just a program for spending. If you are hitting a mental roadblock when you hear the word “budget,” just call it by a different name, such as “personal financial planning” or “my financial freedom plan.” That’s what budgeting is, after all. It’s a proactive approach – rather than a reactive approach – to managing your money. It means making intentional choices about what happens with your money in an effort to live a better life instead of just buying whatever, whenever and hoping for the best.

Budgeting is entirely optional, but it’s an important component of financial success. It’s not difficult to implement, and it’s not just for people with limited funds. Budgeting makes it easier for people with incomes and expenses of all sizes to make conscious decisions about how they’d prefer to allocate their money. It can also help people save for retirement, emergencies, a new car, college tuition or just about anything.