Why Is Budgeting Important?

Answer

Budgeting is important as it helps one to regulate, plan and invest his or her money. Budgets can be worked out daily, weekly, monthly or even yearly. As most people spend money as they get it, a budget helps to show one where, when, why and how to spend the money they have earned. Budgets help in saving money that would have otherwise not been saved and it develops disciplined spending.
1 Additional Answer
Ask.com Answer for: why is budgeting important
Why Is Budgeting Important?
Creating a budget helps keep the family finances in order and allows you to put cash away for emergencies. Emergencies could be anything from a car breaking down to an unexpected hospital bill due to a car accident or a serious illness. Budgeting also... More »
Difficulty: Easy
Source: www.ehow.com
Q&A Related to "Why Is Budgeting Important"
Budgets are an important way to control your spending. It is a great way to save for a planned trip or large purchase you need to make. Budgets also keep track of your bills and spending
http://answers.ask.com/Business/Finance/why_is_a_b...
Creating a budget has always been important, whether for single people or families, but in times of tough economic issues when there is not a lot of job security, it is even more
http://www.ehow.com/about_4600606_why-budgeting-im...
If a family are on a limited income then a budget may be an essential way of seeing that all financial payments are allowed for. It is one way of stayng out of any further debt apart
http://wiki.answers.com/Q/Why_is_a_budget_importan...
Military budgeting is immensely good for some, but overall probably not as valuable as direct investment into infrastructure such as roads, bridges, trains, ports and also focusing
http://www.quora.com/U-S-Economy/How-important-is-...
Explore this Topic
Budgeting is important in an organisation because it helps in setting standards of performance, it plays a critical role in strategic planning and it provides ...
A strategic plan is developed based on a set of long-term goals. A company that plans to be around for five, 10 or 15 years in the future needs a strategic plan ...
Capital budgeting is important because it has a very important impact on the financial performance of a firm. Therefore a great deal is placed on the selection ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com