“Every young man should have a hobby. Learning how to handle money is the best one” –Jack Hurley.
A personal budget is your “How To” on helping you reach your financial goals. Living without a budget is a lot like running on a hamster wheel. Just like a hamster runs and runs but never gets anywhere, if you live without a budget you will be repeatedly spending and earning but never go anywhere financially (unless its backward). There isn’t necessarily a one-size-fits-all budget that will work for every family or household, but the general principles presented will apply to just about every home’s finances.