Finance
What is Budgeting?
Budgeting is planning how you'll spend and save your money before you spend it. You map your income against your expenses, give every rupee a job, and make sure you're saving some — so money runs your goals instead of running out.
See it, don’t just read it.
Watch a 2-minute lesson with voice + animation that explains budgeting.
Key things to understand
- 1A plan for spending and saving your income.
- 2Match what comes in against what goes out.
- 3Give every rupee a purpose before you spend.
- 4A simple rule: 50% needs, 30% wants, 20% savings.
Frequently asked questions
- How do I start budgeting?
- List your monthly income, list your expenses, subtract one from the other, and decide where to cut or save until you spend less than you earn.
- What is the 50/30/20 rule?
- A simple budget: spend about 50% of income on needs, 30% on wants, and save or invest the remaining 20%.
- Why is budgeting important?
- It keeps you out of debt, builds savings for emergencies and goals, and reduces money stress.