Creating and living by a budget is essential to your financial security in the future.  Without a budget, you have no clear picture of your spending habits and no idea where to cut expenses should you experience a loss of income.  Budgets make it possible for us to save money and survive tough economic times.  However, creating a budget is just the first step, you must also commit to living within that budget.

For tips on creating and budget and living within your budget read, “Creating and Sticking to a Budget.”