Countless studies on American millionaires reveal that the path to wealth depends more on sound planning and good habits than on income. Put simply,

It’s not what you make. It’s what you keep.

Tracking your income and spending with a budget is one of the key points to financial success and make an effort to understand what is a budget and how to implement a budget for success.

A budget consists of two main categories: your income and your expenses.

The main point is that the only way you are going to be able to solve money problems is with good data and that is exactly what a budget provides. Living on a budget means knowing what you spend, knowing what you need and knowing where you are going, financially.