Hey Everyone, It's definitely been a while! I have been caught up with some school-related matters and hence it took me a while to write up this post. Anyways, polling day just passed and as a first-time voter there was a sense of nervousness and excitement as I placed my vote. Nevertheless, I hope all of you managed to use this long weekend to take a good break and recharge! I want to share a little bit about budgeting in this post. I would say that budgeting is the single most important aspect of personal finance management. A simple example to elaborate the importance of budgeting: Person A earns a salary of $8000 a month, but spends $7000 monthly. Person B earns a monthly salary of $3000, and has a monthly spending of $1500. Even though  B earns less than half of A's salary, he has more left in his bank account at the end of the month, to be either kept as savings or...