Budgeting and Saving

Saving money doesn’t necessarily come naturally for most people, especially if most of their paychecks go for basic living expenses. Still, developing a realistic savings plan may not be as difficult as you think if you know how to budget. Anyone who owns a credit card knows that spending money on non-essentials is easy. The other side of the coin is that impulse purchasing makes you debt-dependent, which may grow like a snowball over time and destabilize or even harm your financial wellness. In this section, we’ll teach you the budgeting basics which will help you take charge of your finances and improve your overall financial health.