It's true to say that creating a budget is a great way to look at how much money you make and how you spend your money. To be effective, it is necessary for the budget to help you manage your expenses, making your income greater than your expenses.
What is the purpose of the budget?
This technique of analyzing financial resources is easy to develop, and its advantages help the individual to have greater insight into their income and expenses, as well as to allocate their resources efficiently, avoiding unnecessary expenses, saving resources to achieve goals.
It is essential to disseminate more information about managing personal resources, increasing financial education in schools and institutions, so that individuals understand how to use money effectively, without getting into debt due to the misuse of finances.
Therefore, you should create your personal budget to detail your essential expenses such as housing and food, your expenses associated with leisure and your savings for future goals, increasing your learning about conscious consumption.
Find out more about personal budget here:
https://brainly.com/question/1943261
#SPJ1
