What is a budget?
A budget is a list of planned expenses and revenues. It is tally of all of your sources of spending and income and should balance so that you are not spending more you're your earn. This type of organizational plan helps to ensure that you do not accumulate debt and therefore increase your personal net worth. You do this by creating line items in your budget for savings and goals. In summary, a budget forecasts your monthly expenditures and revenues, and also enables you to compare your real spending and income to your forecast.
Why is a budget important?
A budget is important so that your can save money, pay down debt and increase your overall net worth. As your net worth increases it will be easier for you to achieve your financial goals. The key to financial freedom is a healthy budget.
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 Free Online Budgeting & Spending Management
Tied directly to your Custom Budget, our Daily Spending Tracker quickly calculates, compares and graphs your spending
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