Budgeting

Budgeting is the process of creating a plan to manage your income and expenses effectively. It helps you track where your money is going, prioritize needs over wants, and set aside savings for future goals. A well-prepared budget ensures financial stability, reduces unnecessary spending, and prepares you for unexpected expenses. By aligning your spending with your income, budgeting not only gives you better control over your finances but also builds discipline, helping you achieve both short-term and long-term financial goals.