A personal or household budget is an itemized summary of expected income and expenses for a defined period of time, most frequently one month. While the word budget has negatively become synonymous with restricted spending just as diet has become synonymous with restricted eating, a budget should really mean more efficient spending.
Instead of viewing a budget as a negative, view it as a tool for achieving your financial goals. Below are budget worksheets to get you started! Also, the following article provides important steps in creating your personal budget.