138k views
3 votes
Why should we plan a budget?

1 Answer

1 vote

Final answer:

Planning a budget is important because it helps individuals or organizations allocate income and expenses effectively, track finances, and achieve financial goals.

Step-by-step explanation:

A budget is a financial plan that helps individuals or organizations allocate their income and expenses effectively. It is important to plan a budget because it allows you to track your income and expenses, identify wasteful expenditures, and work towards achieving financial goals. By creating a budget, you can ensure that you have enough money coming in to cover your expenses and make informed decisions about how to allocate your funds.

User Nicola Pedretti
by
8.5k points

No related questions found