A penny saved, a penny earned and other insights into the art of budgeting

Budgeting tips: Start with some kind of allocation of your periodical expenses, even if it's very rudimentary. You can adopt a more sophisticated approach later

With Union Budget 2022 just around the corner, it is also a good time to revisit your own household budget or have a plan in place, if you haven't already. Behavioural finance experts have always recommended pegging calendar events such as birthdays, anniversaries, and Union Budget Day to financial actions like reviewing one's portfolio, making a budget and such like. M Barve, founder, MB Wealth Financial Solutions says, "Personal finance is personal first and about finance later. So, even a basic household budget strategy will vary from individual to individual, and household to household. What may work for one may