What is a "budget"?

What is a "budget"?

Mitchell Freedman, CPA/PFS (CEO, MFAC Financial Advisors) gives expert video advice on: What percentage of my income should I try to save?; How can I start saving more money?; How do I create a budget? and more...

People can be intimidated by the process of trying to prepare a budget. They don't know how to approach it, they don't know what to do. But actually, in its purest form, a budget is a plan. It's setting down, on paper or in a computer program, amounts of money that you anticipate spending in the various aspects of your life