Frequently Asked Questions



A lot of people fear the word budget. To some, it simply means a list of numbers that no one can really follow in reality. However, a budget helps a person to see how much can be allotted for expenses that one has to pay for. Without a budget, money would definitely be very easy to spend and surely, nothing will be left to be saved.
There are four main things to consider when making a budget: earnings, expenses, savings and time. Earnings are the amount of available money for use at anytime needed. Expenses are all purchases or services that need to be paid for. Savings is what is left of the earnings. Other things not included in this budget must be planned for by mapping it out on a monthly basis. This is where the element of time comes in. Costs may be distributed over a period of time instead of paying in whole but not having any money left.