International Research journal of Management Sociology & Humanities
( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH
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ROLE OF PLANNING AND BUDGETING IN ORGANIZATION PROGRESS
1 Author(s): MANJU BALA
Vol - 4, Issue- 2 , Page(s) : 643 - 645 (2013 ) DOI : https://doi.org/10.32804/IRJMSH
Budget plays an important role in the planning process. The budget is a tool that helps you to achieve your goals in life. Budgets change throughout the years as needs change.Budgeting is the process of creating a plan to spend your money. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.