Management Of Family Resources

Lesson 37 : Management Process Applied To Budgeting

Implementing The Budget Or Financial Plan

Facilitating:

Commitment to the goals underlying budget is the most important factor in facilitating the implementation. Some activities like purchasing non-perishable foods once/ twice in a month, doing sot savings on payday will help in facilitating the implementation of financial plan. Some mental checks calculations or mechanical checks like keeping aside money in different pockets or boxes for spending on different categories may used to facilitate the implementation of financial plan.