Budget is the best tool to manage your finances effectively. Creating a budget is most important step that will help you achieve your long term and short-term financial goals.   Though many people considered “Budget” as a negative term and view it as a way to restrict your expenses and enjoyment of life but in reality, budget is the best way to create a solid financial foundation for future. It is the most valuable tool for effective financial planning that helps you live your dream life.   As per definition, “A budget is a financial plan for a defined period often one year. It may also include planned sales, volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows”.  Here are some amazing benefits of creating…