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The Benefits of Budgeting
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[QUOTE="yaksalfem, post: 323851, member: 92937"] Budget has been proven to be a formidable financial tool for both private and public business enterprise. Both existing and newbie business people do engage in budgeting for the purpose of having a clear picture of how their business will look like in the nearest or far future. It requires the business owner to have a proper recording because it is from that proper recording that information to set the budget will be pooled. Being a plan of income to be generated and expenses to spent, budget has a lot of advantages. It allows one not to overspend. Overspending is a situation in which one would have use hard earned income on a a particular item that is not important. It save time . A lot of time is saved when there are budget of what we need to engage in a particular financial year. One will not need to be wasting time and effort rather our focus will be geared towards to budget for that particular period. [/QUOTE]
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