A budget is a comprehensive formal plan express in quantitative terms descfribing the expected operations of an organisation over some future period.
Importance of budget
1 - Budget don't gurantee success , but they certainly help to avoid failure.
2 - The budget is an essential tool to translate general plans into specific action oriented goals and objectives.
3 - Budgets give you control over your money A budget is a way of being intentional about the way you spend and save your money.
4 - Budget makes you aware what is going onwith your money.
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