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One may ask that it is important to budget and to that end this is true however most fail because they lack insight into the other elements involved. In lay mans terms, to budget is to control spending to budget efficiently is to understand human behavior and thus conceptually grasping a budget while implementing it so it becomes a part of ones life is the trick. A well written, well planned budget to be consistently affective, should be quick (no more than an hour to 45min), easy to understand for all parties involved (paper or electronic) and easily scalable to ones life changes. At the end of the analysis make a budget that takes stock of all your income and the money you spend, make that work within your time schedule and do it monthly because efficiency only comes with commitment and practice.
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∙ 16y ago
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Why are fixed and variable expenses important to your budget?
they are important because you have to pay fixed and they are accountable. variable expenses are important because they can change your budget.
What are functional budgets?
A functional budget is a budget that has a purpose and works well for the company or individual using the budget. Having a functional budget is important so finaces stay in order and are accurate.
Advantage of sales budget?
The sales budget is the most important budget, because it drives all of the other budgets (production, labor, manufacturing, cash).
Why is it important for people to make a budget?
A budget enables people to prioritize the most important things first. It also helps in management of money so as not to spend too much.
How important is budget?
So we have our targets set and do not over spend.
Why is it important to manage information effectively and efficiently?
Why is it important to manage information effectively and efficiently?
Is Project Systems will be used within GFEBS to track that a project is executed efficiently on-time and within budget?
Project Systems will be used within GFEBS to track that a project is executed efficiently, on-time, and within budget.
Project Systems will be used within GFEBS to track that a project is executed efficiently on-time and within budget.?
Project Systems will be used within GFEBS to track that a project is executed efficiently, on-time, and within budget.
Project Systems will be used within GFEBS to track that a project is executed efficiently on-time and within budget?
Project Systems will be used within GFEBS to track that a project is executed efficiently, on-time, and within budget.
Will project systems will be used within gfebs to track that a project is executed efficiently on-time and within budget?
Project Systems will be used within GFEBS to track that a project is executed efficiently, on-time, and within budget.
What is the importance of Cost management in recession?
Cost management will allow you to control a budget and allow to forecast in order to project the cost and being able to use those resources more efficiently in other things. In time of recession, resources become limited and it is very important to be on budget and not over spent. Cost managent allows to control your resources more efficiently.
What is used within GFEBS to track whether a project is executed efficiently on-time and within budget?
Project Systems will be used within GFEBS to track that a project is executed efficiently, on-time, and within budget.
What is used within GFEBS to track whether a project is executed efficiently on time and within budget?
project systems
Spending Chain?
is used within GFEBS to track whether a project is executed efficiently, on-time, and within budget.
Why is creating a budget important?
Creating a budget is important because they keep you focused. Having a budget to look at will keep you from over spending in other areas.
Why are fixed and variable expenses important to your budget?
they are important because you have to pay fixed and they are accountable. variable expenses are important because they can change your budget.
The roles of budget on national development?
why budget important in the national development
