Creating a monthly budget can be a great habit. It helps you track your spending, avoid overdrafts, and maybe even cut back on streaming subscriptions you forgot about. But if you’re over 50 and starting to think seriously about retirement, budgeting alone might not get you where you want to go. That’s where financial planning comes in and yes, there’s a difference. Budgeting: A Snapshot of Today Think of budgeting as your financial present. It’s what you earn, what you spend