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 [...]