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Why Budgets never Work?
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[QUOTE="Kendy, post: 220798, member: 63869"] One of the reasons budget never works is due to the economy's inflation rate. There is no day I make a budget, when I reach the point of purchase, the prices of goods or services would be inflated and no matter my bargaining power, the seller would refuse because he would run at a loss if he sells it at the former price. Making a budget is a wise decision to make because it would guide you in marking your expenditure wisely but the challenge is how to stick to a budget effectively. Even when the scale of preference is adopted and the budget is placed, the coat of goods would always fluctuate and this fluctuations is always on the increase. Again, budgets do not work because if emergency situations. Here, emergency situations are also called unforseen circumstances and this is because, it was not planed for. There is a situation where an individual gets involved in an accident and definitely no matter the budget he had made, he would first need to prioritize his health and the budget would be used to receive treatment, which makes it rather difficult because such situations is beyond his control. The best way to plan a budget is to plan for emergencies as well. [/QUOTE]
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Why Budgets never Work?
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