Planning is necessary for a family as well as for a nation. Without a proper planning we cannot afford to spend money as it would result in spending more than what we can and what we should, ultimately landing us in trouble. It is easy to chart down budgets but it requires more determination and will power to strictly adhere to the budgets. William Feather rightly puts it this way,” a budget tells us what we can’t afford but it does not keep us from buying it “.
One who strictly follows the budget faces lesser problems in life. But it needs a lot of thinking, preplanning, and skill to form a budget. The trouble with budgets is that it’s hard to fill up one hole without digging another. So, be wise and spend judiciously your hard earned money by drawing budgets that suit your level of expenditure. This is certainly better than spending more than you can afford, getting into debt and falling into economic crisis. Here are some interesting quotes on budgets.