In speaking with a MoneySmart spokesperson recently, the following points were made. "MoneySmart was the brainchild of a group of financial professionals to help fellow citizens and small business owners to do a better job of financial planning and reporting. An essential element of being on a sound economic footing is the creation of a financial plan known as a budget."

A good budget recognizes key elements such as regular income and incidental income. Periodic income is found in other households. Regardless of the type of income, individuals and households can create a plan for spending based upon the level of income that is expected

The expenses are also categorized according to priority and immediacy. Savings should be an integral part of any budget. Setting up such a budget can require plenty of forethought and planning. However, once the typical amounts are identified, tracking the results is much easier. It is not unusual for the budget to undergo changes as time passes. The free annual credit report is valuable in financial planning as well.

Learn more about budget planning guides and other financial help modules available by visiting the web pages at http://www.moneysmart.co.za/ or moneysmart.co.za/community/budgeting/ today. Members of the press and others who have queries regarding the contents of this specific press release should contact the individual identified below.

Contact Person Name: Susan Smith, Public Relations

Company Name: Justin Harrison Marketing

Address: P. O Box 311, Mendham, NJ, USA, 07945

Contact Phone Number: + 00 1 973 531 4982

Contact Fax Number: + 00 1 973 543 5683

Email: pr@justinharrisonmarketing.com

Website: http://www.moneysmart.co.za/ or moneysmart.co.za/community/budgeting/