Do you know how much money you spent last week? What are your monthly expenses? How much have you set aside for savings? Having a budget will provide the answers to these questions and is a great tool for financial success.
Budgeting- A key to your financial success
The novel Coronavirus has brought anxiety and unpredictability to economies worldwide. During this period, it is vital to practice personal budgeting as a mechanism to maneuver through the uncertainties caused by COVID -19. A budget enables you to set your savings target for the month, track your spending, prioritise your expenses and eliminate or reduce expenses which may be unnecessary. It’s a really important tool because it helps you to ensure that your expenses do not exceed your income.
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