What is a budget?
A budget (or money plan) is really just a simple plan for your spending.
Essentially, your money plan:
- Helps you steer your money and stay confidently in control
- Shows what money you expect to receive and how you expect to spend it
- Helps you flow your money towards your goals
- Is one of the best tools for getting the most out of your money and getting ahead.
A budget helps us feel in control, instead of just wondering where our money went. It can mean the difference between being able to plan ahead versus always having to go into overdraft between paydays.
Budgets are for anyone who is managing money coming in... and going out. Most of us who have to make choices about our money can benefit from a budget. It's not just for anyone having difficulties making ends meet.