Budgeting | Meaning, Uses & Terminology Associated with Budgeting
Budgeting involves preparing a financial plan, and a household budget specifically outlines future expenditures for a given household. The process of budgeting ensures that an individual can manage their net income effectively to avoid financial embarrassment before the next income arrives. Budgeting entails listing all expenses and determining their costs. Effective budgeting leads to prudent […]
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