- What is a budget?
– A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. And If I need something, I calculate money.
- Why need a budget?
– Without a budget I use to money unnecessarily. So I will spend too much money. But If I put budget, I will spend money economically. And Certainly I know what I need. So budget is very important.
- To increase efficiency
- To control resources
- To communicate plans to various responsibility center managers.
- To provide visibility into the company’s performance
- How can I make a budget list?
– It is very simple 😀
- First, I search and think what I needed.
- If I really needed, Search price using Internet or Smartphone.
- And write budget list in detail.