Mastering Every Component Transforms Financial Planning Success

Budgeting: The Foundation of Financial Success

Budgeting is the cornerstone of any financial plan. It involves tracking your income and expenses to ensure that you are living within your means. By establishing a budget, you can identify areas where you can cut back on spending and allocate more funds towards savings and investments. According to a survey by the National Foundation for Credit Counseling, only 41% of U.S. adults maintain a budget¹, highlighting a significant opportunity for improvement in financial planning.