To live a happy financial life, we have to be extremely financially responsible. It is very significant to live within our income. We can’t afford to spend more than we earn. A well defined personal finance budget can be used to track our income and expenses. The first step to financial freedom is the ability to track how much we earn and then live spending less than what we bring in.
While it is easy to figure out how much you pay in rent and car payments, it is much more difficult to tabulate cash expenditures. While those may only be a few dollars a day, those expenses add up and can doom even the best-though-out budget.