What is budgeting?

Budgeting involves planning how you will spend your money. It entails calculating how much money you earn and how much you need to spend on necessities such as rent and food. The purpose of a budget is to find ways to save money before you spend it, rather than just managing your money month by month.

Consider budgeting like a scale:

You want to balance your income and expenses while still having money left over. This is especially significant if you are a migrant and need to send money home frequently. Making a budget plan allows you to determine which costs are required, which are less important, and how much money you can save each month.

Every migrant uses and manage their money for different purposes but we will present you some ways that can help you understand and gain skills, so you don't feel that life falls apart sometimes and you just live to work.