3) Budgeting your money

Budgeting your money- budget is a plan for the coordination of resources and expenditures 

1. budget deficit- Spending (more than necessary) more of your income 

2. budget surplus-Is  an excess of income(having more than you spend) 

3. individual budget-Is when you can choose to pay debt or increase spending or invest 

Budgeting is a plan and if your going to be rich you need to expand your means

There are 2 types of debt good debt makes you richer and bad debt makes you poorer.