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
Famous quotes containing the words personal and/or budget:
“... it is a rather curious thing to have to divide one’s life into personal and official compartments and temporarily put the personal side into its hidden compartment to be taken out again when one’s official duties are at an end.”
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