The Art of Budgeting

Rule 1 :
Assess your personal and financial information (needs, values, life situation)

Rule 2 :
Set personal and financial goals

Rule 3 :
Create a budget for fixed and variable expenses based on estimated income

Rule 4 :
Monitor current spending (saving, investment) patterns

Rule 5 :
Compare your budget to what you have actually spent

Rule 6 :
Review financial progress and revise budgeted amounts