Budgeting

What is a Budget and What Does it Include?

A budget is a written record of your income and expenses. A Budget is useful in helping you keep track of how much money you make, how much you spend, and how much you have left over.

A Good Budget Includes:

  1. Income: The money you make from working or investing.
  2. Fixed Expenses: Regular expenses like rent, utilites, food, supplies, gas and oil changes, etc.
  3. Emergency Expenses: Money you might need for things like medical treatment or unexpected car repairs, etc.
  4. Savings: Money set aside for the future.
  5. Discretionary expenses: Money spent on things like going to the movies, eating out, gifts, etc.

Check Out These Free Budget Apps:

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What is a Budget and What Does it Include

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