Budgeting is the process of creating a plan to manage your income and expenses. It allows you to allocate your financial resources in a way that aligns with your goals, helping you avoid overspending while ensuring you have enough to cover essential expenses. At its core, a budget acts as a roadmap for your money, ensuring that every dollar has a purpose, whether it’s for saving, spending, or investing.

Budgeting matters because it empowers you to take control of your financial future. Without a clear understanding of where your money is going, it's easy to live paycheck to paycheck or accumulate unnecessary debt. A well-maintained budget not only provides peace of mind but also allows for better decision-making, helping you achieve financial stability and reach milestones like buying a home, paying off debt, or saving for retirement.