Budgeting Basics for Wealth, Health and Happiness

Maybe not everyone needs a budget, but just about all of us can benefit from one. Here are the basics on why budgeting is important and how to get started.

A hand reaches for a red apple.
(Image credit: Getty Images)

Budgeting is the first step toward financial planning. It includes a series of questions about how you spend your hard-earned money. And being accountable for your inflows and outflows is a healthy exercise for strengthening your ability to save and plan for your future.

Having a budget helps us live within our means and avoid spending more than we make.

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Andrew Rosen, CFP®, CEP
President, Partner and Financial Adviser, Diversified, LLC

In March 2010, Andrew Rosen joined Diversified, bringing with him nine years of financial industry experience.  As a financial planner, Andrew forges lifelong relationships with clients, coaching them through all stages of life. He has obtained his Series 6, 7 and 63, along with property/casualty and health/life insurance licenses.