What is a budget, why should you budget and how do you begin one.

A budget is a plan that tracks the income that you and your spouse/partner make versus how much you spend and at the end of the day/month/year, how much is left.  

A budget can be for a specific event, like a vacation or for your day to day life.

You should always budget to make sure that there are no surprises regarding money.  If you create your plan and you stick to it, you will be able to pay off bills or save money, go on that vacation that you wanted to go on, buy that car or the house.  Whatever you want in life, budgeting shows you how and when you can do it or even if it is possible.

A simple budget is to right down or enter into a spreadsheet the money you make each month to start.  

Income $4,000 per month

Next what are the expenses that don't change each month.  These are called fixed expenses, like rent, your car payment and Internet

Fixed expenses $1,050

Next what are the expenses that do change?  T...