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Showing posts from April, 2017

Where’s my budget?

Article for Bethlehem Matrimonial - Apr 2017
Imagine this. You are nearing the end of a month. Suddenly you need a sizable amount of money for something which you didn’t anticipate. What condition will you be in, considering your current way of life? Will you be able to manage the additional funds required or will you be totally at a loss on how to manage this need for extra amount?
Most well-known companies and governments across the world, plan for their expenses a year in advance in the form of a budgeting exercise. Needless to say how effective this activity is for them to manage their finances better. Families around the world do a similar activity though usually not that systematic as established companies.
It is extremely important to have a plan put in place both for short term and long term. Short term includes planning for a month and up to a year whereas long term plans are usually for many years into the future. The former is where we usually plan for daily expenses, equal …