Question: Once you create a budget, it is important to be responsible and follow it. Explain why following a budget is important, and describe what could

Once you create a budget, it is important to be responsible and follow it. Explain why following a budget is important, and describe what could happen if you don't follow it?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Following a budget is crucial for several reasons 1 Financial Discipline A budget helps you develop financial discipline by tracking your income and e... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

You need to Read the discussion "Lynne Scholz" and give response: No company ever plans on having to deal with a public scandal. Unfortunately for Volkswagen, the actions of a few individuals at a...

i need some one toanswering these three questions. make sure to include apa format for the information pretty straight forward. Attached below are the chapters. Chapter 7: 7.2 #2 (p. 168) Chapter 8:...

Chapter 7:7.2 #2 (p. 168) Chapter 8:8.2 #3 (p. 205) Chapter 9:9.2 #1 (p. 225) a., b., and c. (for c., only answer the adjustable rate mortgage part Chapter 7 from Personal Finance was adapted by The...

ENTERPRISE RISK MANAGEMENT ENTERPRISE RISK MANAGEMENT (ERM) ERM forms an important element of organizational management and provisioning of consolidated services. The effective deployment of...

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

10-K Ford Motor Company Review Ford Motor Company's Form 10-K for 2012. Explain the purpose of a company?s 10-K and how it interprets the firm?s financial strength. Write a description of three...

Theme one is about the greatest skill a leader can possess that is the art of communication. This week's theme is to discuss the importance of communication which at its heart is the art of...

Introduction Businesses have the obligation of providing goods and services to the public. This comes with different responsibilities to different parties. The parties include the stakeholders. They...

Classify each of the following variables as either categorical or numerical. For those that are numerical, determine whether they are discrete or continuous. a. Number of students in a class of 35...

n 2 . 3 Hommwork Past 1 4 3 Painse 0 of 1 Let y woreent the OT The liver equation that best modih the CPA a ( Serpeth roor ancert the nteges or decreasts tor any nambes in the equilion fillond to the...

1) How IT and IS may be used to help the company operate and achieve its objectives. ( 1 M ark) 2) Discuss the challenges faced by the CIO - which are the most important and why? ( 1 M ark) 3) What...

What is noun

At a distance of 6 meters, a person with average vision is able to clearly read letters 1.0 cm high. Approximately how large do the letters appear on the retina? (Assume that the retina is 1.7 cm...

Example 1.3 Find the electric field at point P which is a distance d above the center of square loop with side a and uniform charge density A. Ea -

Based on your knowledge of the famous Hodgkin & Huxley experiments and the basic ionic foundation of the action potential, graph the current-voltage relationship for K + in squid giant axon. Be sure...

The return of goods to the supplier will affect the purchase account. Question 27Answer True False

Assume that you have been asked to paint the inside walls of an apartment. State specifically how you would estimate the cost of that job. Include payment for your own labor.

Slavin Corporation manufactures two products, Alpha and Delta. Each product requires time on a single machine. The machine has a monthly capacity of 500 hours. Total market demand for the two...

Accounting records for NIC Enterprises (NICE) for September show the following (each entry is the total of the actual entries for the account for the month): Note a: This entry does not include any...

2. Which animal species would have the longest axonspg109

11. Many people believe the human appendix is useless. Will it become smaller and smaller with each generationpg109

15. Does the all-or-none law apply to dendritespg109 Why or why notpg109