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As an individual, not having a balanced budget means spending more than you take in. But the catch is that the money has to come from somewhere. So if your budget isn’t balanced, you end up reaching for credit cards. Or you run late on bill payments, incurring expensive lateRead More →

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Financial budget A financial budget presents a company’s strategy for managing its assets, cash flow, income, and expenses. A financial budget is used to establish a picture of a company’s financial health and present a comprehensive overview of its spending relative to revenues from core operations. How is budgeting usedRead More →