Learn more about moneyandinvestments with this collection
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Budgets are necessary for running any business efficiently and effectively.
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Once a budget is set up, it is not always that easy to stick to it. But that doesn't mean you have to give up because you've failed once or twice.
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A budget shows the trade-off made when one item is exchanged for another. The result is:
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A budget is an estimation of income and expenses over a set time. It is usually drawn up and re-evaluated periodically.
Budgets can be made for a person, a group, a business, a government, or anything else that makes and spends money.
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"Making money is art and working is art and good business is the best art." ~ Andy Warhol
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An emergency savings fund buffer is vital for freelancers. It will help you to keep your head above water when your income fluctuates.
A zero-sum budget means living off last month's income alone. This can be done in the following way:
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