Why is budgeting so important? What are the appropriate uses of a budget? (150+ words)

Why is budgeting so important? What are the appropriate uses of a budget? (150+ words)

Why is budgeting so important? What are the appropriate uses ofa budget? How can budgets be mismanaged or misunderstood? What aresome criteria you would use to choose between a fixed and aflexible budget? Explain your answers.


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