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Budgets are of different types. They could be production budget, sales budget, deficit budget, surplus budget, balanced budget, flexible budget or static budget. I would be defining three of the terms here. They are;

#### Deficit budget:
 A deficit budget is a budget in which the expenditure (that which is spent) is greater than the income. 
#### Surplus budget:
 A surplus budget is a budget in which the expenditure is less than the income gotten. This gives more room for flexibility. This is my ideal budget.
#### Balanced budget:
 A balanced budget is one which the income equals the expenditure. This is the one which is so restricting and hard to follow.

Financial freedom like I said is not a road that just anybody embarks on. It takes determination, strength and diligence to embark on this journey. People who are financially free usually have more income and less expenditures. They find ways to get more income by acquiring assets most of the time.
Budgets are generally hard to follow and since you must have a budget, you must find ways to make it easy to implement. It means the budget must be fun to follow at all times. The budget must give room for consumption and chilling. The budget must not be complex in the sense that it doesn’t have to be too rigid in terms of every penny spent. The budget has to be able to yield immediate result as this will encourage you to continue the act of budgeting. It should be able to make you visualize your financial freedom as soon as you start implementing it.
What should a budget contain?

A budget should contain a whole lot of things but I will be keeping it as simple as I can. I will be putting most of the things that are important here. However, this is not a fixed thing. You can modify it to suite your personality. 
#### 1.	A budget should contain funds allocated to an automatic investment plan (AIP) 
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An automatic investment plan is anything in which you put funds into and at the end of a specified period, you get a particular return on investment (ROI). This is a very important aspect of every budget if not the most important. There is no substitution for this part of a budget. This is the first way money starts to work for you.  An automatic investment plan could be stocks, bonds, mutual funds, cryptocurrency, treasury bills or even forex. An automatic investment plan is not a Ponzi scheme. When choosing an AIP there are things that one should bear in mind. They include the longevity of the plan, the risk involved, the future of the investment and a whole lot of things. If you must be financially free, you have to be willing to invest. For me, ten percent of the budget should go to an AIP. At first it might be too big but with time you should get used to it. If the 10% is too much, you can start with what you are comfortable with and then increase it. The bottom line is investment must be on your budget at all time. 

#### 2.	A budget should contain funds allocated to elimination of debts
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A debt elimination plan is a written down strategy on how to eliminate your debts. It contains all your debts and timeline for debt elimination. I feel that another 10% should go to debt elimination. This is the one that has to be fixed at 10% or even more.  This way of eliminating debt can make you debt free in a stipulated period of time if you are disciplined enough to follow through.

#### 3.	A budget should contain funds allocated to a list of regular needs
Once you try to eliminate debt, the next thing you do is to try to prevent yourself from entering into debt. A debt free lifestyle means paying for everything you need. This means you should have an idea of your needs and keep record of it. Then always plan towards it.
#### 4.	A budget should contain funds allocated to charity:
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If you look at some people who have attained financial freedom, you would notice that they give to charity. Bill gates and Melinda gates have a foundation that supports people in developing countries in terms of vaccination. Jack ma helped so many African countries during the start of the outbreak of COVID 19. You can allocate 10% of your funds to charity and this will go a long way in making you happier and fulfilled. 
#### 5.	A budget should contain funds allocated to emergency:

Emergency funds are funds that are kept for life threatening issues or issues that came up which must be attended to with immediate action. It should be kept in a separate account. If the budget is renewed on a monthly basis and no emergency comes up, the money should be left and another set of money should be added until an emergency comes up. If you don’t have plans for emergency funds, when emergency comes you will use the money meant to make you richer to solve the life threatening issues. I feel 10% is ideal for me but like I said you can modify it to suite your type of person.

After allocating funds to everything I have mentioned above, you can spend the rest and have fun. I think with this a budget would be easy to follow and more fun to implement. 

In conclusion, the budget of someone that is financially free must be a surplus budget. Also a person who wants to be financially free must have funds allocated to investment, have plans to eliminate debts and implement a debt free lifestyle. </div>

I look forward to hearing your feedback in the comment section. 
###### Thank you for reading.
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