Budgeting and Financial Management

Budget is one of the very first topics in Personal Finance.Many may think budget is about control expenses but the true meaning of budget is to PLAN AHEAD. Although they may mean the same thing but actually it will leave a very different psychological effect.At one hand, one is focusing on 'expenses'. Controlling implicitly mean NOT to over spend it. This creates an internal conflict of "I want it but I can't have it". Whenever a control fails,...