Budgeting and Savings

Budgeting is the process of planning how to allocate your income towards expenses, savings, and investments, ensuring your spending aligns with your financial goals. Savings involves setting aside a portion of your income regularly to build a financial cushion, fund future needs, or achieve specific objectives. Together, budgeting and savings help manage money effectively, prevent overspending, and prepare for emergencies or long-term goals. They promote financial stability by providing control over your finances and encouraging disciplined financial habits.