Budgeting is widely accepted as being a valuable tool for money management and a component of financial literacy. This section looks at how Maltese and Gozitans go about their day to day financial planning competencies relating to creating and using a budget and managing income and expenditure, as well as longer term planning competencies such as saving, investing and making long-term plans.
![2. Planning and Managng Finances-page-001](https://gemma.gov.mt/wp-content/uploads/2019/01/2.-Planning-and-Managng-Finances-page-001.jpg)