Section 2
Get prepared
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Build a better Budget
Preparing and monitoring your use of a budget on a regular basis is one of the best and most powerful way to manage your money as well as to ensure you are in control of your financial future or health. Your budget can be thought of as a spending or money management plan. A budget shows you the flow of money in (income) and out (expenses) of your life or household and enables you to prepare for and see how you are managing your money over a specific period of time.
Further, your budget also helps you to be aware of how much money you have, where it needs to go, and how much, if any, is left over - so that you can better achieve your set financial goals. Here are a core step to creating and managing your budget:
1. Understand the outcomes from your budget
2. Select ‘your’ tool for creating and tracking your budget
3. Identify and include your income[s]
Budgeting
Putting together a better spending plan for greater financial sucess at each stage of your life