Budgeting is different from saving, thrifting, or depriving you of things you desire. So don't get me wrong upon you see or read the title of this post. Anyway, what is budgeting your money? Basically, it is the allocation or distribution of your money to all your expenses . For example, you have a budget for food that has a corresponding amount. The same also to all your bills, necessities, and don't forget your luxuries.