Envelope budgeting
It is one thing to prepare a personal budget; it is another thing to stick to it. Financial planners have suggested various mechanisms to provide support for enforcing personal budgets. One approach is called “envelope budgeting.”Read the article provided at http://en.wikipedia.org/wiki/Envelope_budgeting, and answer the following questions.1) Summarize the process of envelope budgeting.2) Evaluate whether you […]
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