Showing posts with the label expenses

How to set a simple Budget Planning 2017

How to set  a simple Budget Planning 2017 ?: Budget is a term which referred to, ' A Sum of money allocated for a particular purpose  '. Annual Budget of a Government every year is an exciting one for everyone, but it's a Pokey (Laggard) one for announcing their own personal budget. Before making (or) set a Budget plan, we have to understand why we need a Budget (or) Budget Planning ? 'Budget' allowing us to create a Plan for Spending of our money and also it helps to ensure that we have a enough money for the things we need .   A personal budget   is a finance plan that allocates future personal income towards expenses, savings and debt repayment.   Investopedia also refers the following 6 Reasons, why we need a Budget:    It helps you keep your eye on the prize. It ensures you don't spend money that you don't have. It leads to a happy retirement. It helps you prepare for emergencies. It sheds light on bad spending habits. It's better