Do you create a personal budget?

[Kane]

You might have frequently heard from personal finance coach that you need to create a personal monthly, or weekly, budget in order to manage your money. Well, creating a monthly/weekly budget certainly helps you in constructing a personal finance plan. Creating a budget means you have categories for your spending, and you allot certain amount of money for each of your categories. You can create categories like necessary spending (rent, utility bills, grocery, etc.), savings, investment, etc. You also need to sticking to your budget and spend only the amount that you have set, if you need to spend additional amount, you need to wait until you create another budget.

Do you create a personal budget for money management and financial planning.