Picture this. Your salary gets credited at the beginning of the month. You go about spending merrily, and by mid-month you realise you’re broke and wonder where it all went. If you have experienced this, and that too frequently, you need to seriously consider budgeting to be in control of your expenses. In this article, we will discuss the concept of budgeting, why you need it, how to go about it, and the various methods of budgeting.