While budgeting on money first calculate monthly expenses and then make it yearly.also calculate any EMI if loan is taken. Then plan your goals such as retirement, children education, children marriage, world tour, buying house , buying a car etc. First take insurance cover as per your human life value, and then invest balance amount as per your goals. for perfect advise take experts advice, Rajendra Gawde Email: gawde_rajendra40@rediffmail.com