Budget is a simple plan that outlines all income and expenses on a monthly basis. Responsibility is successful implementation and the personal budget must be defended responsibly. A realistic and targeted timetable must be set from the outset to ensure that the desired results are achieved. The timetable is obviously determined by the target date for the introduction of the personal budget. At a basic level, our personal budget will provide an accurate picture of our income, monthly expenses and savings. It is also essential that when we budget, we remember that we are trying to find a balance between the different elements of our financial picture. When we create a personal budget, we add our past expenses and personal debts. There are many types of methods and tools available for creating, using and adjusting a personal budget. A budget allocates or distributes expected income, expected expenses, and intentional savings. A good personal budget requires an honest financial assessment, but most people creating a personal budget are their first time taking a hard look at their spending. The main goal of the personal budget is to minimize expenses and maximize savings, in simple theory. We can reduce our unnecessary needs and increase our savings every month. After a month, we can calculate how much money we can save exactly if we make a creative budget. Perhaps the most important ingredient to a successful personal budget is commitment. The budget requires active participation of the whole family. (D.Roos, February 2014)ContentMany feel that they don't really need it. At the same time, others simply don't want to control their spending. With this in mind, there is no doubt that personal bankruptcies are such a solution to avoid all avoidable expenses and this will save money within a year. And one more thing, we can make a budget, but the main thing is to follow our family budget. Because at some point we will spend more money on items we budgeted for and we will get frustrated. We should always use our budget as a good guide. Keep in mind that a budget is just a tool to help us recognize what we can afford and where our money is going. (E. Blaney, 2013)Resources1. Sir.W.Scott.1882.Rebuilding your credit.CA2. E.Blaney.2013.The Wall Street Journal.The experts: Is creating a personal budget a good idea?. http://wsj.com/news/articles/3. R.Leonard and M.Reiter.2103.Credit repair.LA4. D.Roose.Feb.2014.Article:Personal budget.5. R.Leonard,JD2013.Solve your money problems.CA