The first step in becoming financially responsible is starting out with a personal financial budget. When establishing a personal financial budget it is important to include everything that involves your money. Gather all your income and expense documents for the last two years. The components in a personal financial budget include both income and expenses. You should have paystubs, income tax returns, bank statements, property tax statements, and proof of any other income you receive. After listing your income and expense on your financial worksheet you need to subtract the expenses from your income and get a Net Cash Flow for the month. A budget is also the only solution to getting out of credit card debt. To be successful with your personal budgeting plan you need to make out a projected personal budgeting plan for the whole year. You need to keep a budget every month. Before getting into what personal budgeting finances are I want to explain why budgeting is important. You need to be honest, committed and disciplined in making and keeping a budget.This is the most basic idea of personal financial freedom and personal finance budgeting. If you do, you’ll be able to get the most out of your income in spending along with saving wisely.