Personal Budgeting

Personal budgeting is the process of creating a plan to manage your income and expenses. It involves tracking how much money you earn and then dividing it among various spending categories like housing, food, savings, and entertainment. The goal is to ensure you live within your means, avoid debt, and set aside money for future needs or emergencies. By regularly reviewing and adjusting your budget, you can make informed financial decisions, prioritize your goals, and maintain financial stability over time. It’s a practical tool to help you control your finances and achieve your financial objectives.