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.
Because recent studies show that less than half (43%) of US households currently have savings, (i.e. they are just "making ends meet"), funds should also be allocated toward savings.
Read more about Personal Budget: Sample Budget, Tools, Concepts, Allocation Guidelines, Following A Budget, See Also
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“In the weakness of one kind of authority, and in the fluctuation of all, the officers of an army will remain for some time mutinous and full of faction, until some popular general, who understands the art of conciliating the soldiery, and who possesses the true spirit of command, shall draw the eyes of all men upon himself. Armies will obey him on his personal account. There is no other way of securing military obedience in this state of things.”
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