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New India Insurance 
Budgeting cornerstone of financial planning.
This is perhaps the cornerstone of financial planning. A planner can make sure you are spending the right amount given your income and can also make sure that you aren’t going into debt.
What is a budget and why is it important?
A budget is a tool to track when and how you earn or spend money. Creating a budget is an important pillar of your overall success and security. It allows you to oversee and better understand whether your business has enough revenue (incoming money) to pay its expenses. Using a budget can help you make more informed financial decisions.
For example, if you know how much money you earned and spent every week for the last several months, you’ll know how much you can afford to spend if you want to hire a new employee.
Budgeting is an ongoing process rather than a one-time exercise because your business revenue and expenses could change at any time. Revisit and rework your budget monthly, quarterly or after changes to your business, such as big expenses, occur. This will help you stay on track to achieve your goals.
- Budgeting
- Jayaramu
