Why is it important to distinguish between needs and wants in budgeting?

Budgeting is the systematic process of preparing detailed short term plan of actions expressed in monetary values. The plan quantified in monetary terms prepared ahead of a defined period should show expected income and expected expenditure. A budget should also fulfill a planning purpose and a control purpose (underlined by the comparison of actual resultContinue reading “Why is it important to distinguish between needs and wants in budgeting?”

What Should Be Included In A Personal Budget.

Do you have a budget? Is it designed to help you grow? What type of Hosting is Bluehost? A budget is your quantitative plan. It is a collection of the things you want to spend money on and where the money is going to come from. It is a simply a collection of your futureContinue reading “What Should Be Included In A Personal Budget.”