Personal Finance 101–Planning to Spend
For most it is far easier to spend money then it is to make it. By earning $15/hr net we should be able to limit our spending to $7.50/hr. A change in our spending habits will help us achieve financial goals sooner.
Budgeting is the process by which we plan to spend money. Creating a balanced spending plan requires that we do two things:
1. SPEND LESS THAN WE BRING IN
2. PRIORITIZE SPENDING