What is the importance of budgeting?

Answer by  jmrdflcarpenter (515)

It is important because it helps you to save money and lets you know where your money is going as well.

Answer by  sc1234 (1319)

The basic importance of budgeting is that you are making sure that you are not spending more than you earn. This is the most effective way not to go broke!

Answer by  tkarlav (1502)

Budgeting is important for the simple fact that you need to know you are making more then your are spending. it alows you to plan ahead for vacations bills etc.