Many people think that it
is something connected with the big business and has nothing to do with them. Some
believe that it is an unpleasant activity when you are trying to save money and
economise on essentials. This is not really true but this is the reason why
many attempts to plan budgets fail.Think of budgeting as managing your money. The
aim of it is not to make you feel unhappy and your life uncomfortable. Your
budget can be a guide to help you manage the money you get.
You have your pocket money and you have some
expenses — without proper allocation of the money you may not have enough for
what you are planning to buy. Personal budget helps to solve this problem.
Budgeting involves understanding how much money you have and how much money you
spend over a period of time. When you create a budget, you are creating a plan
for spending and saving money. For many people it is a difficult thing to save
money. The following tips may help you organise your personal budget.