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Purpose of budgets; Behavioral aspects of budgeting; Advantages arising out of staff participation; Factors affecting behaviour ...

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14y ago
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1w ago

Behavioral aspects of budgeting include setting realistic goals, tracking expenses regularly, making adjustments as needed, and staying disciplined to stick to the budget. It also involves developing good financial habits, understanding priorities, and being mindful of impulse spending. Communication and collaboration with family members or partners are key to ensure everyone is on the same page and accountable for their financial responsibilities.

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