People tend to cringe when they hear the word "budget". In reality, budgets are not that scary. Essentially, a budget is a summary of what money comes in, where that money goes, and what to do with the money that's left over after expenses. Creating, regularly adjusting, and sticking to a budget can help you get out of debt, pay your bills on time, and relieve the stress of financial insecurity.
There are four major components when it comes to budgeting: