Thursday, 17 July 2014

FUNDAMENTALS OF BUDGETING

By Oladipupo Clement

What exactly is Budgeting?
1. It is the process of creating an itemized summary of possible income and expenses for a given period. 

2. It is defining your financial limits per time and operating within it.

3. It is a money spending plan.

4. It is defining the direction of your money even before you earn it.

5. It is an income distribution mechanism designed to provide for your short to long term obligations.

6. It is a planning process for determining the in-coming and out-going direction of your earnings.

NOTE:
Be part of the solution in your little corner or sphere of influence!
Take the practical step toward making Nigeria a better and richer nation.
MAKE A DIFFERENCE!

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