‘A budget is a picture of what your money is doing,’ The Budgetnista says. Here’s where to start

Creating a budget is crucial for financial stability.

It’s a snapshot of where your money goes and helps you understand your spending patterns.

Start by listing all your expenses, both fixed (e.g., rent, loan payments) and variable (e.g., groceries, entertainment).

Compare your estimates to actual spending records from bank statements.

Next, calculate your income and find the difference.

If you’re overspending, don’t panic.

Instead, seek support and adjust your spending accordingly.

Remember, managing money is a collaborative effort.

Reach out to a support network of accountability partners, accountants, or financial advisors to assist you in achieving your financial goals.