Main Line 844-469-3904

« 8 Reasons for Using a Budget | | Budgeting Disadvantages »

08/07/2014

Budgeting Advantages

 

  1. Budgeting provides a way to measure financial performance. It is a self-evaluation of progress.
  2. Budgeting reveals wasteful or inefficient spending patterns.
  3. Budgeting requires the family to identify and deal with potential financial problems before they arise and consider possible alternative courses of action.
  4. Budgeting may be used to establish financial goals and determine the feasibility of meeting them.
  5. Budgeting  may provide motivation to accomplish financial goals.

 

Comments

Feed Follow this conversation by subscribing to it here.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment



123