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Funding a business
IMPORTANCE OF BUDGETING
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[QUOTE="Kendy, post: 228777, member: 63869"] The importance of budgeting cannot be over emphasized. Budgeting helps one to know the way he or she spends money. I started out with the habit of writing down the list of things I would need on a monthly basis and keeping money aside for the miscellaneous that will arise. I write my list following a scale of preference and even with that, I still make a tick on the items that I would purchase first before others. The challenge is always that, each time I make a budget, I exceed my budget because of the high prices of goods and services is always on the increase. There is a lot of challenges regarding my budget because even the income I earn is not substantial to cater for my needs and this becomes an issue. There are some people who do not have a budget and they spend recklessly until they realize that their money has reached the collapse stage. There are so many advantages of making a budget because of the current economic situation, one must not live beyond their means else, it would be tantamount to requesting of loans and would likely end up incuring bad debts which would impede targets or goals to be achieved. [/QUOTE]
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Funding a business
IMPORTANCE OF BUDGETING
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