Question: You are interested in developing a budget but are struggling with the basics - do the numbers have to be exact? Can a budget have any flexibility in it? First, define what a budget is. Then develop a list of basic ground rules to budgeting that will help you or anyone you know create a good budget. Be sure to include a savings plan in your budget to save enough for an unexpected emergency that may come up at any time. Discuss the situations that might derail the budget along with a plan for you to deal with these issues.