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« Budgeting Advantages | | Budget Guidelines »

08/07/2014

Budgeting Disadvantages

 

  1. If inaccurate information is used to develop the budget, it will be of little or no value.
  2. Using a budget as an absolute control on spending may preclude a person from taking advantage of opportunities that might aid in the reaching of goals.
  3. Keeping accurate spending records is often difficult, and some people resent it. However, if the person does not keep accurate spending records, the budgeting process will be wasted and will merely increase the person stress.

 

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