You have new items in your feed. Click to view.
Question and answer
Q: Why is budgeting so important?
A: 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.
25,743,920 questions answered
Popular Conversations
In “A Few Don’ts,” Pound encourages the use of __________instead of ...
Weegy: In A Few Don'ts, Pound encourages the use of The Concrete instead of the vagueness of abstractions. User: ...
5/22/2017 11:51:10 AM| 0 Answers
Giving human characteristics to objects or ideas is
Weegy: Giving human characteristics to objects or ideas is PERSONIFICATION.
5/19/2017 10:58:38 PM| 0 Answers
Motivation refers to forces that
Weegy: Motivation refers to forces that: energize, direct, and sustain a person's efforts.
5/19/2017 10:41:24 PM| 0 Answers
The pitcher does not have the responsibility of striking out players ...
Weegy: The pitcher does not have the responsibility of striking out players at bat. FALSE.
5/15/2017 8:53:53 PM| 0 Answers
Rape that involves multiple attackers, strangers, weapons, or a ...
Weegy: Rape that involves multiple attackers, strangers, weapons, or a physical beating is Aggravated Rape.
5/15/2017 7:06:49 PM| 0 Answers
Weegy Stuff
S
Points 26 [Total 26] Ratings 0 Comments 26 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 366] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
P
P
L
P
P
P
Points 7 [Total 1730] Ratings 0 Comments 7 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 467] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
P
P
L
P
P
Points 1 [Total 1637] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.