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Tag - Cashflow

Importance of a Budget

The Importance of a Budget

Recent studies have shown that only one out of every three individuals prepare a detailed written or computerized budget on a monthly basis. Even fewer individuals prepare a detailed long term financial plan. ‘’Why go through the hassle of drawing up a household or personal budget in the first place?’’  -you may ask. Financial planning is needed to plan our spending, and without this planning it is easier to overspend on the non essentials. When drawing up a budget you [...]

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