Personal Budgeting: The Basics

A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. Past spending and personal debt are considered when creating a personal budget. There are several methods and tools available for creating, using and adjusting a personal budget.

Creating a projection of your financial future can be a challenging task. From budgeting for unexpected expenses to estimating medical and entertainment expenditures, personal budget planning req...