voucherplus-blog-banner-narrow

Finances and Affairs

Finances and Affairs

24 March 2017

Managing Personal Finance

Posted in Finances and Affairs

The Essence of Budgeting

Personal Financial Management is a critical aspect in our lives that must be prioritized and its success depends on the key element of budgeting. Budgeting helps you to keep track of your daily personal expenditure. It enables you to identify exactly on what, how much and where all your income is being spent. The most effective way for you to keep track of your expenditure is by jotting down or making note of all your monthly income and expenses, you can even create a template on your personal computer on for example Excel noting your income and expenditure.