Which sentence best summarizes budgeting?

The goal here is to have money available for more important investments or simply to moments you want to pamper yourself. Seeing your spendings in black and white will make you aware of how you use your money. → How can you ensure your budgeting is going to work? Follow the golden rule of personal finances: Pay Yourself First!

Check out this short video on why you should pay yourself first. It takes about 3 min. https://www.youtube.com/watch?v=r0uHgv80MfQ&ab_channel=GPOFederalCreditUnion

Saving has to be your number one expense category with a set amount that you put aside monthly when you pay your bills. Don't plan your savings around your leftovers. Chances are there will be none if you do so

Photo by jcomp on freepik Reference: Personal Finance 101 by Alfred Mill and Michele Cagan. Adams Media, 2020