Introduction
A very interesting pattern shows restaurant occupancy in the last week of the month drops by 30% as compared to the start of the month. And the reason might have come to your mind.You were tight with their budget. And of course you know deep inside that is the fancy way of saying ‘You ran out of money’.
You are dependent on pay check.During the pay day you treat yourself so well even towards the end of month sometimes the situation gets worse.
In this article you will get to know the Budgeting tips so that you can actually take control of your money.
What Is Budgeting?
Remember those days when you got some pocket money and you had your plans for having that favourite snack while returning from school, your contribution for a cricket ball etc etc. Some of us ran out of money at the weekend and some save for that new comic book , funny stickers or a visit to the nearest internet cafe.
That is budgeting.
You have your pocket money that is your income, you spend that on your absolute needs at times on things you want and save for some goals.
In a more structured way budgeting is planning, tracking and managing income and expenses to achieve financial goals.