is an inacurate budget better than no budget at all

Answer 1

Well not having any kind of budget is exactly like not having any kind of financial plan for the future, and can set you up into a severe financial crisis. When that happens you have a problem with not just your finances but your over all well being because that leads to stress, anxiety and feelings of being overwhelmed with financial situations and obligations that may be no longer in your control.

Having an inaccurate budget has many flaws to its system but at least there is some kind of financial framework established with the individual. The individual has to consider the importance of a budget. This holds all your fiances (personal, business, or educational) together. This helps an individual to see what they can afford, and what areas they absolutely can not afford to take risks. Budgets include:assets, loans, monthly expenses , and interest incurred. So if your budget is not accurate or sufficient it could leave you in debt, and not saving for long term goals. That is the biggest thing to look at if you do not have a financial plan you do not have no financial goals or dreams for the future. Here are some tip! .

1. Make a budget—and stick to it.
2. Be a conscious consumer.
3. Balance your checkbook.
4. Have a plan and a vision.
5. Think like an investor.
6. Work together with your partner/spouse on the same financial goals.
7. Commit to saving money.