Even though the budget only contains numbers or nominal amounts of money. But the budget has a function as a means of controlling your finances. You can compare your budget with your financial plans or goals with real income and expenses. Is it higher or lower.
Budget function as Personal Financial Controller
- Thread starter Suba
- Start date
Creating a budget and following it is a very important virtue needed to create success.
Your budget is like a financial monitor that helps you to track your finances. People that have budgets and stick to them rarely overspend. I do a monthly budget and it has helped me.
Every good business owner knows how important budget is when it comes to running his business because it is only thing that is going to make you not to get into unnecessary spending.
It is a very good business for those very good in accounting. I think the best personnel is an accountant or an MBA. They are skilled and knowledgeable. They can help increase the decreasing finances of a certain corporation or company.They're accurate in budgeting financies and expenditures.
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Budget guides you on how to manage your financial resources and get the best out of it. It is a good thing to have your finances budgeted to know how you spend your money.
You said it right. The prices of the commodities are still fluctuating. The good thing is that the onion price is starting to went down. I was so terrified for buying them like golds before. Now, I do not need to feel the same thing.Budgeting is the hardest thing at this moment in time. Prices are gone wrong, so high and people suffer the agony of the changing pictures of our economy and society. It seems nothing to budget at all.
When you make a budget, you are financially conscious of how your money comes in and from where it comes. Then, you also know where your money goes. Having knowledge of these two variables can help you decide on your financial literacy life
