Budgeting for debt means you methodically eliminate your debts by planning for it.
Budgeting is often given a wrong meaning. Many people view it as something that puts a stop to every fun thing in life. They mistakenly think that a budget restricts you from eating out or shopping. In short, you’re devoid of any enjoyment if you follow a budget.
However, it’s not like that. At all.
Actually, budgeting helps you to spend money on the things you want. It helps you to take control on your finances and get your financial life on track.