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What are the main purposes of a budget?

What are the main purposes of a budget?
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4 votes
What are the main purposes of a budget?

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User Intrepidd
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2 Answers

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Following a budget will keep you out of debt if you are currently in one.
answered
User Matthias Samsel
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7.9k points
5 votes
In the context of business management, the purpose of budgeting includes the following three aspects:

•A forecast of income and expenditure (and thereby profitability)

•A tool for decision making

•A means to monitor business performance
answered
User SeanDL
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8.1k points
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