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A personal finance budget is a little different then the monthly budget you keep for tracing income and expenses. A finance budget tracks more then just monthly income and expenditures; it includes information about investments and retirement accounts. In other words it is more concerned with your long term financial future rather then the finances of daily life.

The approach to doing a financial budget is a little different then the personal variety. If you are a good mathematician or good at accounting then you can keep track of your financials on a piece of paper or a spread sheet you set up. For those who are less mathematically inclined using a software program for this type of budget is a good idea because it does all the math for you. Calculating financial budgets can be tricky, even for those who are experienced with them.

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