Disadvantage of an ineffective home budget
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A budget is a type of estimate which keeps record of the income and the expenses of a residence, organization, personal keeping's, etc.
People make budgets all the time.
If a budget is ineffective, the following things will happen.
1- No working capital will be left.
2- expenses will exceed income, making difficult to meet ends.
3- buying important home items might not be possible
4- savings might get lost
5- future savings which we planned, might not be able to add to that.
People make budgets all the time.
If a budget is ineffective, the following things will happen.
1- No working capital will be left.
2- expenses will exceed income, making difficult to meet ends.
3- buying important home items might not be possible
4- savings might get lost
5- future savings which we planned, might not be able to add to that.
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