👉 The term "mumbudget" is a phrase that refers to a type of budgeting system that involves using the concept of "money in the bank" and "money out the bank" as key elements of one's financial management. In this system, money is allocated based on how much it can be spent or invested before being returned back into the account. The concept behind mumbudgets is to prioritize spending on necessities, such as housing, food, healthcare, and education, while also
