It is difficult for people to track their spending and whether it is wise or not because they cannot decifer between needs and wants. This is one of the biggest hindrance towards putting into practice good personal finance budgeting. You may need things in life including food, water, shelter and clothing. Although you want to settle your debt, you don't want to be penniless when rainy days come, or do you? You don't have to allot every money that you have to pay off a debt. You only have to manage debt. Save at least ten percent (10%) from your income, regularly. 4. SAVE TO PAY DEBTS Since your program is debt management budgeting, you have to allot certain percentage from your income just to settle your debts. Personal budgeting is when you allot certain amounts for your personal needs. It is not as difficult as simply budgeting because you don t have to worry about whether other people would find your way of living livable or not. The first thing that you budget for yourself is, of course, food. Without food, you would not acquire the energy that you need to do the things you do daily. A Better Budget with Zero Based Budgeting Everybody, from the business world to stay-at-home moms, needs a budget. Those who have budgets are better able to know their financial goals and have control on their spending in such a way that these goals are made achievable. If you ask different people about budgets, most likely you will get different answers. Family Budgeting For A Happy Home Since financial matters are one of the leading causes of marital problems and even divorce, getting a hold on your spending, implementing a budget, and saving for the future can also have positive effects on your relationship with your spouse or partner. When it comes to stress, there's nothing quite like finances to get the nerves jangling between husband and wife. Let your children do things themselves. Let them decide on what to do with their money. With your advice, you can teach them but the decision on budgeting money is theirs. If their decision on spending their money is wrong, they will learn from it. Teach them about the difference of wants and needs. This is very important in budgeting money.