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Funding a business
IMPORTANCE OF BUDGETING
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[QUOTE="Jasz, post: 206793, member: 61772"] Budgeting is a widely used practice in our financial life as it helps to keep track of the expenses and income on a regular basis. budgeting is also known as fiscal control which means control over the purchasing power of one's money. All companies of any size maintain budgets so that they can keep track of the profits and total expenses. Budgeting is important for all companies, big or small. However, budgeting is more important for small businesses because small business doesn't have sufficient capital to survive in the market. Budgeting is important to keep a proper check on your expenses. It is an effective method of achieving financial stability and gaining control of personal finances. Budgeting may seem like an unexciting and time consuming task, but it is the surest way to meet your short- as well as long term financial goals. Effective budgeting helps you set priorities in terms of your monetary needs. Most people have budget issues. Are you one? Even if you are not, but you are planning to start a new job, there is something important you need to know. Budgeting is actually an easy way of saving money. Every adult in the world knows that managing your budget is tricky, even with financial education. Being a smart person doesn't necessarily make it easier. [/QUOTE]
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IMPORTANCE OF BUDGETING
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