What should a budget look like and how often is it prepared?

A budget should include a list of all sources of income and expenses, as well as a breakdown of how much money is allocated to each category. It should also include savings goals and any debt repayment plans.

A budget should be prepared on a regular basis, typically monthly or at the beginning of each pay period. This allows for adjustments to be made as needed and for tracking of financial progress over time. It is important to review and update the budget regularly to ensure that it remains accurate and effective in helping to achieve financial goals.