A budget is a financial plan that help a person outlines projected income and expenses over a specific period.
A budget that spans a long period of time is now difficult to maintain by some investors, the ever-unstable prices of goods and the economy has been a leading reason of this. Now it is practically easier to maintain and achieve a budget that is for a shorter period than a budget that is for a longwer time.
Budgeting also keeps a bitcoiner disciplined about his or her finances, making sure a bitcoiner prioritize his needs over his wants.
A budget will not make an indisciplined person to suddenly be disciplined, a budget rather requires a disciplined person to be effective.