Budgeting and saving are two essential skills for managing your money effectively. Budgeting involves creating a plan for how you will spend your money each month. This means tracking your income and expenses, so you know where your money is going. By setting limits on different categories, like food, entertainment, and housing, you can avoid overspending and ensure you have enough for necessities. Saving, on the other hand, is about putting aside a portion of your income for future needs or emergencies. It’s important to save regularly, even if it’s a small amount, because having savings can provide financial security and help you achieve your goals, whether that’s buying a car, going to college, or just having a safety net for unexpected expenses. Together, budgeting and saving can help you take control of your financial future.