What Is a Budget?
A budget is a plan for how you will spend your money each month. It helps you track income and expenses so you can save, avoid debt, and reach your financial goals.
Why Budgeting Matters
- Control your spending
- Save for emergencies or big purchases
- Reduce financial stress
- Build better money habits
Simple Budgeting Steps
- Calculate your income – Include salary, side gigs, etc.
- List your expenses – Rent, groceries, utilities, entertainment.
- Categorize spending – Needs vs. wants.
- Set limits – Allocate amounts per category.
- Track & adjust – Review weekly or monthly.
Budget Calculator
Enter your monthly income and expenses to see your balance:
Common Budgeting Terms (in English)
- Income – Money you earn
- Expenses – Money you spend
- Savings – Money set aside for future use
- Surplus – When income > expenses
- Deficit – When expenses > income