Creating a Budget

Wondering how to make a budget so your money lasts longer? Read these tips for creating a budget and sticking to it.

What is a budget?

A budget is a planning tool that helps you keep track of how you spend your money. It includes an estimate of your expenses and the way you expect to pay for them.

A budget is based on your:

  • Income: the money you earn and/or receive
  • Expenses: the money you spend for food, utilities, and other things