It's high time you create a budget...now, what, exactly, does that mean?

Question

Budgets balance revenue and expenses over a set period of time. When following a budget, you try not to exceed the amount you've designated for expenses – whether fixed, flexible, or discretionary – and you reevaluate periodically to make sure you're on track or to see where you should adjust. Good luck!

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Answer 1

You create a plan where expenses are less than income

It's high time you create a budget...now, what, exactly, does that mean?

Answer You create a plan where expenses are less than income

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