A lot of people hate them. They can make you feel boxed in or as if you have no freedom in how you spend your money.
But the truth is, a budget is a necessary thing. It's a list, document or email you send to yourself that reminds you of the expenses you have every month and how much money you'll have left over after you pay those expenses.
Watch as banking professional Michael Williamson joins Ben Carter on #MYDM to explain what a budget it is, why it's so hard to stick to one and why you need to make sure you are consistenly updating your own.