PLANNING YOUR BUDGET. Many people do not consider a budget as something to go by when it comes to spending and monitoring your income verses expenditure. Well, this a pretty huge mistake because for you to have control over your personal expenses and set some financial goals towards your success, then a budget is crucial. This article will provide you with some easy tips on how to create a personal budget and use it as a tool to gain financial freedom. What is a budget? A budget is simply a written financial plan for a set period of time; mostly a month or year. A household budget will include things like utility bills, transport, food etc. against your total income. Spending without a budget makes it hard for you to know your cash flow against your spending. SINGA CREDIT. Your trusted and reliable licensed moneylender in Singapore for your all your short term loan and personal loan needs.