Budgeting is an essential skill that everyone should take into heart. This is one of the basic steps if you want to be Financially savvy.

"coins-calculator-budget" by stevepb is licensed under CC0

However, this is not an easy task at all. It is that complicated that we actively avoid topics related to budgeting. Even in married couples, where budgeting should be a family affair are left to either the wife or the husband doing the stuff.

So What Do We Do in Order to Embrace the Art of Budgeting?

1. Accept that it is not an easy task
2. Accept that you will fail sooner or later, either miserably or spectacularly
3. You need to write things down.

• If you are comfortable with technology, you can use the plethora of apps out there. If you want to go old school, then a pen and paper is more than enough.
• A little trivia though, studies suggest that our brains retain more information effectively when things are written down on paper compare to a screen.

4. Budgeting skill don't happen overnight.

• It will at least take 40 days to wire our brain and body to a new habit. Knowing this, you need to repeat the task for a good 40 days WITHOUT SKIPPING a day!

5. Ask for help

• We are social creatures, there is only so much we can do alone. It is never wrong to ask others for help.

6. Start with the basics

• Food is by far the most important expense in everyday life. And if not done correctly, is the most expensive. Start planning your food budget.

Budgeting is a necessary foundational skill if you want to take control of your finances. If the workplace has some rule in place to manage time, which is Time Management. Then it is pretty much the same in the world of Finance, Budget Management.