A budget shows the trade-off made when one item is exchanged for another. The result is:

• A surplus budget, where profits are expected.
• A balanced budget, where revenues and expenses are expected to be equal.
• A deficit budget...

• The traditional budget starts with tracking expenses, getting rid of debt, and then building an emergency fund.
• But you can speed up the process by building a partial emergency fund. It will act as a buffer to replace the use of a credit card for e...

A budget is an estimation of income and expenses over a set time. It is usually drawn up and re-evaluated periodically.

Budgets can be made for a person, a group, a business, a government, or anything else that makes and spends money.

• Avoid immediate disaster. Request bill extensions or payments plans from creditors.
• Prioritize bills. See which bills must be paid first and set up a payment schedule based on your paydays.
• Ignore the 10% savings rule. It...

• Myth - I don't need to budget: A budget focus on identifying all the expenses that are likely to occur during the month, quarter, and year. A budget can identify costs that could be reduced or cut.
• Myth - I'm not good at math: Budgeting software on...