The benefits of a budget

Today we’re talking about budgeting. In its simplest form, a budget is a plan on how much much you will spend during a set period of time calculated, using expenditures and income. It’s something a lot of people often ignore, but during turbulent economic times like right now, it can be the key to survival, especially during the holiday season. Travis Lowe reports.

• Money Tips Monday: Give yourself the gift of a budget