Why we need to set up budget in our expenses

[hastral45]

In order to control excessive spending in our daily activities, we need to set up budget for our expenditure. It is through budget we would able to weigh our receipt and expenses. Without budget, excessive spending could result into liquidity. In order to have efficient economic management, all spendings must not go beyond planned budget. It is through this, indebtedness could be avoided.

 

[RicAngelo]

I can not agree more, do not buy something not on the list and budget. We have to do this on a daily basis, just to make sure that we avoid buying something that we don't need

 

[astutimeliana723]

In order to control excessive spending in our daily activities, we need to set up budget for our expenditure. It is through budget we would able to weigh our receipt and expenses. Without budget, excessive spending could result into liquidity. In order to have efficient economic management, all spendings must not go beyond planned budget. It is through this, indebtedness could be avoided.

Yes, I totally agree with you, budgets were created to control spending. Don't let there be more expenses than income, don't let there be waste in one particular budget item. and so on.

 

[Shavkat]

The primary reason is not to overspend. If we are not going to do this religiously, it will surely make us have a hard time managing the right budget. It needs to be planned and not to complacent for spending without thinking.

 

[Stardom22]

I think this can help us to manage our finances and have a clear view on what our money is actually spent on. It can however trigger out a saving plan through it.

 

[Springtime]

I fully agree that having a budget helps a lot to avoid over spending. However, I must admit that I do not make a detailed budget for my monthly expenses. I do have a rough idea of how much I spend on utilities, groceries, and other household as well as personal care items. I do not spend more than I earn.

 

[uptrendfinancialsignal]

Setting up a budget is very necessary for businesses to grow very quickly.

 

[Stardom22]

Budget is a very essential thing in our everyday lives because it helps us in planning and management of our finances. Budget helps in the monitoring and evaluation of our expenses.

 

[Chibson]

Making a budget is always important and necessary. If you want to be financially okay, it is always important that you follow your project with some level of discipline.

 

[gammarays]

Setting up a budget is very necessary for businesses to grow very quickly.

Please check your DM whenever you come online. It's a bit urgent. Thanks.

 

[eldavis]

Very true. In most cases we end up spending more than we are ment to simply because we do not have any budget we are working with. This can be pretty bad.

 

[Heatman]

In order to control excessive spending in our daily activities, we need to set up budget for our expenditure. It is through budget we would able to weigh our receipt and expenses. Without budget, excessive spending could result into liquidity. In order to have efficient economic management, all spendings must not go beyond planned budget. It is through this, indebtedness could be avoided.

Without having a budget for your expenses it is always going to make it a possibility for you to overspend when you are not supposed to overspend.

 

[Niyi Briggs]

Setting up budgets for your expenses helps to be cautious of the way one spends so that they don't run themselves to the ground.