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Funding a business
IMPORTANCE OF BUDGETING
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[QUOTE="Abigael, post: 229852, member: 25357"] Budgeting is a very important thing that involves planning how much money you spend and on what. Having such clarity will prevent impulsive spending and using your money on unnecessary things. This enables you to have a great financial stability. The most important thing that budgeting does is that it helps you specify your needs and wants. Needs being those things that you cannot live without like food, shelter and clothing. While wants are those desires you have that you can actually live without like a car or a very expensive gadget. When you budget, you are able to live within your means. You won't be able to fall into the temptation of buying things that you cannot actually afford. So you only settle on things that you have put on your budget. But remember that it takes so much self discipline to stick to that Budget. Which is something you learn by doing the right thing one step after the other. Another thing that budgeting does is that it keeps you away from debt. That way, you will be able to buy things you need with the money you have and not take loan to satisfy your desires. In the end of the day, you will also be able to build a saving culture by putting aside the money that remains behind after you budget. [/QUOTE]
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IMPORTANCE OF BUDGETING
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