Question and answer
Why is budgeting so important?
A balanced budget is achieved by comparing your current income to your expenses and ensuring that the amount you spend does not exceed the amount you make. [ Balancing your monthly budget helps you meet your financial obligations without confusion or unintentionally taking an overdraft from your bank account. Ads by Google Need to pass Series 24? The Series 24 is a difficult exam, we have the
tools you need to pass Plasterboard Recycling One of the largest gypsum recycling facilities in the world. Nationwide royhatfield. com Teaches Debt Management Skills Your debt management skills determine how you balance your debts with your income. The act of budgeting teaches proper debt management and helps you avoid the unpleasant consequence of relying too heavily on credit cards and loans to pay your bills. In turn, you will possess less outstanding debt and have a lower risk of bankruptcy. Reduces Stress When you balance your budget, you know exactly how much disposable income you have to spend each month. This allows you to enjoy luxuries such as a vacation or an evening out without the guilt and stress associated with wondering if you will be able to afford such expenditures. Allows You to Catch Errors Early When you balance your budget regularly, you are more likely to catch banking errors or other financial errors that may work against you. Catching such errors early gives you the opportunity to correct them and protect your money from disappearing due to a computer glitch or careless data entry. ]
jher000|Points 7050|
Question
Asked 4/8/2012 8:50:01 PM
Updated 4/8/2012 9:31:10 PM
1 Answer/Comment
Get an answer
New answers
Rating
0
Budgeting is not just about money it is also about time. Many people are not aware of the importance of budgeting. Let us explain why a budget is so important.

A budget helps you to look ahead and formalize your future goals. Budgeting is popularly considered as a successful way for saving money, eliminating debt and creating a good financial situation. By creating a budget you can set your goals for achieving a good level of income and monitor your expenses. It is seen that many small business owners and home based businesses have become successful with the help of good budgeting.

Many people find it difficult to stick to a budget they created. But if successfully tackled, a good budget will help you to attain a good financial position in the future. A good budget also ensures you a debt free life.

A good budget is important as it will help you to:

- Know how much additional money you have to attain your financial goals.
Added 4/8/2012 9:31:10 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What do you think is the major purpose of financial statements? Why?
Weegy: The purpose of a financial statement is to enable a business to establish the result of its operations over a period of time and to determine its worth at a specific date. [ Financial statements are often prepared by business people to assist them in evaluating their financial condition. ] (More)
Question
Expert Answered
Asked 4/3/2012 6:47:37 PM
0 Answers/Comments
When looking at a company for investment, is it better to look at the financial reports or annual report or both?
Weegy: You will need to look at both! (More)
Question
Expert Answered
Asked 4/3/2012 9:22:00 PM
0 Answers/Comments
What is the standard form for this quadratic equation using x as a variable? -11 and -5 the quadratic equation is _=0
Weegy: x^2 + 16x + 55 = 0 is the std form quadratic equation for the given using x as a variable -11 and -5 (More)
Question
Expert Answered
Asked 4/7/2012 12:23:09 AM
0 Answers/Comments
HCA 270 Health care finance, Doctor's Smith and Brown statement of net Income and balance sheet
Weegy: The answer depends in part on your health, pre-existing medical conditions, and age. Some experts recommend seeing a doctor if your temperature remains above 103 degrees despite medication and other cool down measures. [ [ If a fever lasts more than 48 hours and/or is accompanied by vomiting or diarrhea that lasts for more than 12 hours, it is also recommended that you see a doctor. ] ] (More)
Question
Expert Answered
Asked 4/14/2012 9:42:07 PM
0 Answers/Comments
18,461,761 questions answered
Popular Conversations
Soil with high amounts of _______ ions is acidic
Weegy: Soil with high amounts of rainfall is acidic. User: Soil formation is most influenced by _____. wind ...
11/28/2014 5:24:04 PM| 3 Answers
____________ adjusts the viscosity of the ...
Weegy: Solvent is the answer which is not in your choices.Viscosity is thickness, most relevant answer within your ...
11/28/2014 12:00:37 AM| 1 Answers
Which of the following bodily systems is NOT at immediate risk of ...
Weegy: c) respiratory system User: Which of the following is NOT a learning difficulty children with fetal alcohol ...
11/28/2014 12:23:38 AM| 1 Answers
A monograph is __________. A. an OTC drug that has been submitted ...
Weegy: A monograph is B. an application form the FDA used for OTC drugs. User: Switching drugs to OTC status ...
11/28/2014 12:53:08 AM| 1 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2939 [Total 14649]| Ratings 11| Comments 2829| Invitations 0|Offline
S
L
Points 1480 [Total 3766]| Ratings 0| Comments 1480| Invitations 0|Offline
S
Points 883 [Total 915]| Ratings 1| Comments 873| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 786 [Total 14160]| Ratings 0| Comments 786| Invitations 0|Offline
S
L
Points 777 [Total 1298]| Ratings 6| Comments 717| Invitations 0|Offline
S
1
L
L
Points 273 [Total 6667]| Ratings 0| Comments 273| Invitations 0|Offline
S
L
Points 163 [Total 1459]| Ratings 3| Comments 133| Invitations 0|Offline
S
Points 149 [Total 149]| Ratings 1| Comments 139| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.