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The reason I picked this topic is because budgeting money is extremely important to me, I want to be financially responsible for myself and for my love ones, I also want to be able to buy a home and start a family and have the money to support my children along their journey in life. I want to retire at an early age so I can travel the world with my family.

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This video shows you how to save/ budget for retirement or early retirement. simple ways to early retirement is invest in investments like stock bonds or real-estate

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How to Retire Early: The Shockingly Simple Math

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This video shows how parents can teach their children how to budget their money. helping pay form a cell phone or sport also when teen get to the age of having a job or allowance show them how much to spent and save.

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8 Ways to Save a Down Payment for a Home in Canada | My Money Coach

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Learn how to save a down payment for a home or how to save money any other major purchase.

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This arctic talks about ways to manage your Money for a vacations to come.

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As a budget travel expert, I get a lot of questions about, well, budget travel. I take great pride in the fact that I've been able to visit some amazing places on a modest budget so over the next few months, I'm going to share with you all the tips I've picked up along the way in a series of posts called " The cost of travel." My post today will focus on budgeting for a trip, which is arguably the trickiest part about travelling.

The funny thing is, many people think I spend a small fortune on my travel. I think I have a slightly above average travel budget, but since I believe in spending on experiences over things, I'm comfortable with what I'm spending. What I want you to realize is that you can travel on any budget. It doesn't matter if you have $2,000 or $12,000 to spend, it's really not that hard to stretch your dollar.

Can you afford to travel?

This is the first question you should ask when budgeting for a trip. Vacations are a luxury and by no means a necessity. If you have any outstanding consumer debt, then you should probably rethink your travel plans. It makes no sense to take a trip if you're currently carrying a balance on your credit card and paying 19.99%+ in interest. Even if you don't have any debt, you should ask yourself if this money can be put towards something else more important such as your emergency fund or retirement savings. You might "need" a vacation, but it shouldn't be your #1 priority.

How much to budget

Many guides will tell you to figure out how much you need for your trip so you can start saving, but I like to take a different approach. I personally recommend setting aside a fixed amount every month; this way your vacation budget is built right into your monthly budget. As mentioned, you want to prioritize more important expenses first, but knowing exactly how much you have to spend on travel will go a long way.

I budget $650 a month which works out to $7,800 annually. This allows me to visit almost anywhere I want as long as I'm creative with my budget. Now, if you only have $2,000 - $3,000 to spend, your choices may be more limited. If you're estimating that trip to Italy will cost you $5,000 but you have only $3,000, then obviously, you need to save more or consider a different destination. Keep in mind that this is a total budget for the year, so you can take one big trip or multiple shorter ones. Budgeting for a trip is one of the most important things you'll do when travelling.

Creating a budget

It doesn't matter where you're travelling to these days it's really not that hard to accurately estimate how much you're going to spend as long as you're realistic about it. The main things you need to budget for are as follows:

Transportation

Accommodation

Meals

Local transportation

Attractions

Shopping

Upfront costs (vaccinations, visas, luggage)

The general idea when budgeting for a trip is to consider all your costs. If you've never travelled before, it's probably a good idea to budget extra since there will always be unexpected expenses that come up. The last thing you want is to miss out on an experience because you don't have the money for it. Keep in mind that for every category you need to budget for, there are usually ways to save money. Don't worry, I'll share all my budget travel tips in future posts in this series. Check out my post on how much does it cost to go to Japan? to get an idea of how to build your travel budget.

Starting to save

Once you have all your costs down you can start saving towards that goal based on your timeline. For example, if you're estimating that a trip to Thailand will cost you $6,300 and you want to depart in 9 months, then you need to save $700 a month ($700 X 12 months = $6,300). If you've determined that this savings goal is a bit too hard, you need to adjust your travel plans or timeline accordingly.

With that savings goal in mind, you can now start saving. How you come up with that money is entirely up to you. Personally, I cut out excessive spending a long time ago so I would have more money to travel. I've also heard of people who will work more hours or pick up another job just to save more money for travel. This might sound a bit extreme, but it's a lot better than putting your travel expenses on your credit card and paying interest later.

One final tip. Separate your vacation budget into an individual savings account; this way you can set up an automatic savings plan and see the progress of your travel fund. Plus, the odds are you won't be tempted to spend the money in this account since it'll take away from your travel dreams.
This article was originally published on Money We Have and has been republished with permission.
Barry Choi is a personal finance and budget travel expert at Moneywehave.com. He has been quoted in The Financial Post, The Toronto Star, Business Insider, The Globe and Mail, and has appeared on HuffPost Live. You can follow him on Twitter:

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As a budget travel expert, I get a lot of questions about, well, budget travel. I take great pride in the fact that I've been able to visit some amazing places on a modest budget so over the next few months, I'm going to share with you all the tips I've picked up along the way in a series of posts called " The cost of travel."

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this is a budget spreedsheet showing you how to organize your expenses according.

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The percentage of income spent from the summary, total monthly income, total monthly expenses, totally monthly saving, and cash balance.

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Creating your first budget can be extremely overwhelming. So overwhelming, in fact, that only 40% of American families have a working monthly budget. But it's worth the effort. Developing a budget that you can maintain over the long term has been definitively linked to building wealth, while simultaneously helping you get out of debt and cut expenses.

When I built my first budget several years ago, I knew approximately how much money I was making annually, but I had never broken down my expenses by category to figure out what I could afford on a recurring basis, or how much money I could regularly invest.

In short, I was spending money on the things I needed and wanted without determining first whether I could truly afford them. After overdrawing my checking account once or twice, and having to pay several bills with credit cards because of my lack of a working budget, I decided to get real and begin a budget.

If you're a first-time budgeter, here are 12 steps to make the process as smooth and painless as possible.

1. Decide to Start a Budget
If you are reading this article, chances are that you have already made the decision to begin a working budget. Congratulations! For many people, myself included, this is the hardest part. Read on to get started with next steps.

2. Know How Much You Have
If you have savings, checking accounts, investment accounts, or any other financial instruments, you will want to know how much money is in each account as well as the interest rates and expenses of each one. Make note of this information as it will become important in determining your net worth and the best use of your capital in the future.

3. Know How Much You Make
For some people, this is easier than others. Those on a salaried pay scale can easily find their monthly income. For hourly employees or those who work in a business where income may rise and fall unpredictably, this can be much more difficult. The most important consideration, regardless of how you earn your monthly income, is to determine the average monthly amount of income that you receive. A good way to do this, if you receive irregular income, is to average out the last 6 to 12 months of recurring income and use that figure. If you want to be extra conservative, you can choose the lowest monthly amount you have earned in the last year, which will hopefully provide you with a worst case scenario.

4. Know What You Owe
Determining your monthly recurring debt payments should be your next step. This should be fairly simple to do, as long as you have stopped incurring additional debt in the short term. If you haven't been able to break your dependence on credit cards, that's okay, as building a budget will act as a first step for your next financial priority which should be getting out of high interest consumer debt.

To find out what your monthly recurring debt payments are, calculate the total amount owed on each debt account as well as the minimum monthly payment. This includes car loans, mortgages, credit card debt, student loans, and all other debt that your family pays on a monthly basis.

This will provide you with the first few line items in your budget, and will allow you to determine your net worth.

5. Determine Your Net Worth
Once you know how much money you have and how much you owe, you can easily determine your net worth. Just subtract what you owe from what you have, and you will derive a number. This number will tell you the value of your financial resources. For me, this number was an eye opener. When I built my first budget, I had a negative net worth. I assume this is fairly common in America, especially for young people just starting out.

6. Determine Your Average Recurring Monthly Expenses
This can be the hard part for many people. The best way to determine your monthly expenses is to make a stack of household expenses for a month. Keep your receipts, your utility bills, and any other expense that arises during a one month period, and divide these bills into categories. The categories can be as general or as specific as you want them to be. I keep my categories extremely general (automotive/household), whereas you may prefer specific itemized categories such as (car wash/electric bill). Either way works well, as long as you determine an average amount of expenses for each category.

7. Enter this Information into a Database
It used to be, if you had a budget, you had an old school paper ledger. Things have changed for the better for all of us new budgeters. Software programs like Microsoft Excel and online budgeting tools like Mint, You Need a Budget, and Mvelopes have made it much easier to take the results of your first few steps, and develop a highly adjustable and sustainable long term budget. I use Microsoft Excel for my own personal budget, because it allows a greater deal of flexibility than sites like Mint. However, many people swear by online budgeting sites, and whichever path you choose will ultimately help you build greater wealth and greatly help keep you out of financial trouble.

8. Look at the Bottom Line
After entering all of the above information, you will discover the most important number in your budgeting process - the bottom line. This number will tell you whether you are overspending or underspending. Ideally, during this step you will find that you are living within your means, and maybe will even have a little left over on a monthly basis. On the flip side, you may determine you must make adjustments to your monthly expenses in order to live within your means.

9. Make Adjustments Accordingly
If the bottom line of your budget proved that you are overspending your monthly income, you will come to the most difficult step - making cuts to your monthly expenses. There are tons of resources here on Money Crashers that will teach you to be smarter with the income you have, help you cut your recurring monthly expenses, and establish your financial boundaries for personal budget planning.

10. Adjust Categories Based on Reality
Life is full of surprises. Food gets more expensive, gas prices rise, and rent can get hiked when you least expect it. Each time you notice inflation creeping up on your expense categories, get a raise at work and begin to earn more money, or worse, suffer a financial setback like a pay cut or job loss, you must adjust your categorical expenses based on the realities of the world around you.

11. Pay Yourself First
Depending where you are in your budget, based on your bottom line, you may want to add a few extra line items to your monthly expenses. These may be monthly dispersals to a savings account like Capital One 360 or Ally Bank, Roth IRA, 529 college savings plan, or other savings vehicle. Moving money into savings and treating it like a recurring expense will allow you to slowly build up your savings without feeling like you must make these deposits from what is left at the end of the month.

12. Track, Monitor, and Be Disciplined
Keeping track of your budget takes an hour or so a week. But this will save you a lot of time in the long run. Once you have an established budget, you will want to keep it in check. The discipline and associated knowledge that you are making good long term and short term financial choices will provide you with a great deal of comfort, and will take you from living paycheck to paycheck to being able to see the long term results of your disciplined savings and financial planning.

Final Word

If you don't have a budget, now's the time to create one. By following the above 12 easy steps, you'll be on your way to financial freedom and building wealth for the future.

Do you have a solid personal budget in place? What has and hasn't worked for you? Share your best personal budgeting tips in the comments below.

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How to Make a Budget - 12 Personal Budgeting Tips for First Timers

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Creating your first budget can be extremely overwhelming. So overwhelming, in fact, that only 40% of American families have a working monthly budget. But it's worth the effort. Developing a budget that you can maintain over the long term has been definitively linked to building wealth, while simultaneously helping you get out of debt and cut expenses.

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There are 12 easy steps for first time budgeters. 1. decide to start a budget, if you feel the need to manage your money this is the best way especially if you are trying to save for a house for vacation.
2. know how much you have.
3. know how much you make.
4. know how much you owe.
5.  Determine your net worth
6. Determine you average recurring monthly expresses
7. Enter this information into a database
8. Look at the bottom line.
9. Make adjustments accordingly.
10. Adjust categories based on reality
11. Pay yourself first.
12. track, monitor, and be disciplined.

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This short video will show you the tips and procedures on budgeting your money from the small cost like movies, nights out, shopping for clothes, to paying bills and mortgages.

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Making a Budget : How to Start a Personal Budget

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This pie graph shows you how to divide your expenses based on what you have and what you use in your every day life. from retirement money to rainy day money.