Quote from: gunhell16 on Today at 02:28:16 PM

Budgeting is important in building a business, because if we cannot manage it properly, for sure the business we build will close quickly, that's for sure. But if we manage the budget properly and know how to manage it, for sure we will be able to run the business for a long time because we will be able to properly rotate the profit that comes into our business.

Budgeting is not only important in business and investing but also very important in our lives. No matter where our income comes from, how much...budgeting should always be done. Without a budget, we risk losing control of our finances, overspending, or worse, developing bad financial habits. In the long run, that will lead to a dead end in life.

Quote from: gunhell16 on Today at 02:28:16 PM

Now if we don't have a business and have a regular job, this is a difficult situation because usually the expenses are higher than the regular salary, so it is very difficult to manage
how to budget the money we have worked for.

While budgeting can be a bit difficult if your income is low and doesn't cover your living expenses, that doesn't mean you don't need to budget. At the very least, budgeting will help you prioritize essential expenses first, spot and cut wasteful spending, and create good financial habits...

It can be said that budgeting is considered mandatory regardless of your income.