Question on personal budget

Assignment Help Managerial Accounting

Reference no: EM1347781

You're interested in developing the budget but are struggling with basics - do the numbers have to be exact? Can a budget have any flexibility in it? First, describe what a budget is. Then develop a list of basic ground rules to budgeting that will help you or anyone you know create a good budget. Be sure to include a savings plan in your budget to save enough for an unexpected emergency that may come up at any time. Discuss the situations that might derail the budget along with a plan for you to deal with these issues.

Reference no: EM1347781

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