Budgeting
Presentation
•
Business
•
Professional Development
•
Hard
Kesha Jodha
FREE Resource
3 Slides • 1 Question
1
Reasons for a Budget
2
Poll
Do you have a budget
No
Yes
I don't need one
Never thought about it.
3
Budget definition
A budget is a financial plan for organized spending and saving. It is a system for using income available to meet as many goals as possible.
4
Reasons for preparing a budget
A budget enables an individual or a family to live within its budget.
Budgeting allows you to make choices that benefit you and your family.
A budget allows you to plan short-term and long-term goals.
Budgeting provides useful financial record.
Budgeting helps keep expenditure under control; it helps to avoid wasteful spending patterns reduces impulse buying
Budgeting provides a vision of your financial status.
Reasons for a Budget
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