Budgeting is a plan on how to spend your money, allocating particular amounts to particular purposes which you can split into categories like shopping, bills and eating out. Through budgeting you can keep an eye on your current spending and adjust it if need be so that you have enough money to do the things you want to do. Some ideas could be:
- Saving for a deposit on a house
- Gathering up an emergency (rainy day) fund
- Paying off your debts
- Saving for a big-ticket item like a holiday or new appliance
- Putting more money into investments
Though whatever it is, a budget is one of the best things you can set up to manage your money better.