You would almost think the word budget is a four-letter word! When I say the word budget, what comes up for you? For me, I would rather run naked through a desert full of cactus in the middle of July then to write out a budget.

But as I have learned more about finances, spending, and the flow of money, I have also learned that when we follow a budget, we have the ability to actually know where our money is going and where we can cut funds from flowing too. Households that follow a...