How to make a good Budget

How to make a good Budget

Budgeting involves planning your income and expenses to meet financial goals and live comfortably

Budgeting is highly personalized, considering income, expenses, savings, and lifestyle

Start by tracking income sources and expenses, including irregular ones, for accuracy

Define SMART financial goals for both short-term and long-term aspirations

Allocates income to essential expenses, discretionary spending, and savings or debt payments

Monitoring and sticking to your budget is crucial for financial success

Budgets should be flexible and adaptable to accommodate changes in circumstances or goals

Build an emergency fund, manage debt, diverify investments and plan tax.

Read our aticle to know more about budgeting