In the past budgets used to be challenging to make. However, the development of budget software has made this process significantly less tiresome and far more enjoyable. Generally, this software works as follows: you simply allocate each dollar that you make towards something. The categories you allocate your money towards might be groceries, rent, charitable expenses, or something completely different. If you’re looking to save for college, you may wish to have a “college” category too. The benefit of using this type of software is that you can easily track your progress. For example, if you come in over-budget in food and equally under-budget in your college fund, you’ll know immediately that you need to make up the difference in future months.