How a Household Budget Works
Many people just spend as needed, or desired, and hope the next paycheck arrives before the money runs out. This is a mistake, but it’s easily corrected by drafting a budget – and sticking to it. A spending plan will help you define your expenses and following it will point you in the direction of future savings.
A household budget works by itemizing essential and discretionary expenses. Create a household budget with tips from a registered financial consultant in this free money management video.
Here is the video on Youtube: