All About Budgeting

Have you been working 40+ hours per week – not to mention overtime and your part-time jobs – yet you are still in debt? Are you tired of just living from paycheck to paycheck? If you are familiar and have experienced “critical wallet days” more than once then maybe you should consider budgeting.

The word “budget” can easily turn off people; it is associated with restrictions, additional work, and Dos and Don’ts. It also suggests that you have to stop yourself from enjoying things, or worse give them up. However, budgeting can help you save money and in some way, financial freedom.

What is Budgeting?

Diet: Eating :: Budgeting: Spending

If diet is a program for eating, budgeting is just a program for spending.

Budgeting is the process of creating a plan on how to spend your money to balance your expenses with your income. It simply means making choices on purpose about what will happen to your money instead of buying whatever, whenever or spending it with things that don’t really matter in order to live a better life.

Obviously, it will be a problem if you spend more than you make. However, with the help of budgeting, you will have the idea in advance whether you have enough money for your wants and needs. There are lots of activities and ways to prepare a budget that you can try.


Based on your financial limitations, budgeting shows you how to allocate your money and gives you choices on what things to enjoy. It saves you from overspending and being in debt.

Budgeting does not mean you have to stop enjoying things – it guarantees you that you will enjoy those things when you want it.

If you have questions or suggestions, kindly leave a comment below.

– Your Partner in Decision-Making

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