One of the most dreaded parts of managing one's finances is budgeting.

Many people often overlook its importance and blindly jump to other advanced skills such as investing. But budgeting is the foundation of your personal finances.

How do you know how much to invest? Is the amount you have decided sustainable and optimal?

It's only your budget that can give you these answers.

Without a plan in the form of a budget, even if you earn millions, you can still overspend and end up in debt. 

So grit your teeth, and make that budget. It'll be worth the effort!