Budget

A budget is that thing you throw right out the window just before you start doing all of your Christmas shopping.

But generally…it’s a plan that lets you see where your money will be spent.

If you have a personal budget, you'll be able to decide ahead of time how much money you'll spend on clothes, food, and megaphones to annoy and anger your neighbors...whatever floats your boat. If you own a company, you might have a much more complicated budget for things like advertising and lawyer fees. Either way, the plan helps you make sure that you have enough moolah for everything you need…and maybe some left over for stuff you want.

Example.

Joan wants to control her money, so she decides to set up a budget for next month. Now Joan knows exactly where every penny is going to go. She’s not going to be caught off guard by any surprise expenses. She’s not going to spend $200 on safecracking equipment and then realize she doesn’t have enough left to pay her phone bill.

Although, if she does get hit with some unexpected expenses...hopefully she can just pawn some of those exotic vases she took from the Peterson place.