Budgeting
What is Budgeting?
It’s a continuous planning process for how you spend your money. This spending plan is called budget.
Budgeting is one of the smartest strategies to understand your finances where you learn in-flow of money (income) versus out-flow of money (expenses).
- Income
- Expenses
Money received, especially on a regular basis, for work or through investments.
The cost required for something; the money spent on something.