If you don't know how much you are making… You are in real trouble!
Budgeting is not about living on a budget and barely making ends meet. It is about planning!
In short, a budget is a money plan.
Coming up with a budget is the first step towards a less stressful financial life.
Check out this short video on budgeting. It takes less than 3 min.
The first step into budgeting is:
Understanding that it helps you make conscientious decisions about your spending.
You are in charge of your money and not the other way around.
Photo by freepik on Freepik.
Reference: Personal Finance 101 by Alfred Mill and Michele Cagan. Adams Media, 2020