What are some of the advantages that you can see for budgeting? Are there any disadvantages? Do you foresee yourself keeping a b

Question

Elenna [48]

3 years ago

10

What are some of the advantages that you can see for budgeting? Are there any disadvantages? Do you foresee yourself keeping a b

udget in the coming years? Why (not)?

English

1 answer:

katen-ka-za [31] · Answer 1 · 2022-06-18T15:48:22+03:00

Pros:
Having extra money or reserve money for emergencies

Prevents you from going broke or bankruptcy

Cons:
Budgeting may affect your quality of life: cheaper is not always better

Inaccurate amounts. Not budgeting enough or directing too much money on things that don't take priority in life.

Time consuming: It takes time to make a budget perfect for you.

Pro/ Con: Consistency May encourage you to stick to budget or discourage you.