When setting a budget, the most common approach is defining how much money to allocate for expenses. However, to create a fully comprehensive plan, it's equally important to define how much money to pursue as revenue—thus, planning for the balance between income and expenses.

For instance, this includes goals like buying a house, upgrading your car, paying off debts, or making other investments.

By balancing both sides—revenue and expenses—you create a more effective and sustainable financial plan.