Personal budgeting is the process of creating a plan to manage an individual’s financial resources effectively. It involves tracking income and expenses to ensure that spending aligns with financial goals and priorities. By establishing a budget, individuals can allocate funds for necessities such as housing, food, and transportation, as well as discretionary expenses and savings for future needs or investments. Personal budgeting helps individuals make informed financial decisions, avoid debt, and achieve long-term financial stability. It typically includes setting spending limits, monitoring financial habits, and adjusting the budget as needed to reflect changes in income or expenses.
The "High Medical Expenses System" in Japan is adjusting caps on out-of-pocket medical costs to alleviate financial pressure for families. A recent survey of 2,700 people revealed that high medical…