weoptimist's blog

BUDGETING AND SAVING

Budgeting is the process of creating a plan for how to spend your money smartly by apportioning resources and planning to manage finances carefully within a specific period of time. Saving simply means setting aside a portion of your income that you do not spend immediately to build a financial fund for future use or in emergencies. It is extremely important that we save a little bit of our income every month because it helps securing our financial well-being and achieve our long-term goals in life. Budgeting and savings go hand in hand.

HOW TO BUDGET?