Experiential Education: Budgeting

Everyone plans ahead. You might plan your day – what time you will leave for college, what you will have for lunch, what you will do on the weekend. As you get older your planning may tend towards nancial matters, planning a holiday, planning to buy a house, or planning for retirement (how much should I put aside each month?). Similarly, a business will engage in forward planning which on many occasions will involve the budgeting process.