What Is a Budget? A budget is a report that helps achieve financial goals. A cash...

 

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What Is a Budget? A budget is a report that helps achieve financial goals. A cash budget is a valuable money management tool that helps you: • Maintain the necessary information to monitor and control your finances • Decide how to allocate your income to reach your financial goals • Implement a system of disciplined spending, as opposed to just existing from paycheck to paycheck • Reduce needless spending, so you can increase the funds allocated to savings and investments Achieve your long-term financial goals What Is a Budget? A budget is a report that helps achieve financial goals. A cash budget is a valuable money management tool that helps you: • Maintain the necessary information to monitor and control your finances • Decide how to allocate your income to reach your financial goals • Implement a system of disciplined spending, as opposed to just existing from paycheck to paycheck • Reduce needless spending, so you can increase the funds allocated to savings and investments Achieve your long-term financial goals

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A budget is a financial statement report which helps the user to estimate a ending balance of an acc... View the full answer