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“Management of money is an important aspect of home science”. In this context explain the Importance of budgeting. |
Answer» Importance of Budgeting: Basically, budgeting is an art and science of planning income and expenditure. • Budgeting helps one to live within one’s income. • Budgeting allow a person to regulate his funds rather than his money. • It also ensure that the spending of a person is not greater than his income. • It also helps us to save money for our future. • It also make us free from future worries related to money. • Budgeting also helps us to see how best we can use our money to attain our goals which are very much important for us. |
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