Understanding Your Budget

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A budget is an itemized summary of expected income and expenses for a given period of time. It provides an organized and easily understood breakdown of how much money you have coming in and how much you are spending so you can prioritize your spending and manage your money. Planning and monitoring your budget will help you identify wasteful expenses and adapt quickly to changes in your financial situation to achieve your financial goals. Creating a budget decreases your stress level by eliminating surprises so you won’t panic or wonder if you have the money – you already know. Budgeting in your business helps you plan for financial success by starting with the end in mind. If you want 15% Operating Profit Return on Revenue, develop a budget that will produce that result. It doesn’t need to be complex or complicated, it simply needs to serve you and your business. Attend to gain helpful budgeting insight!

Speaker(s): Lefogran Sherman

Co-Sponsor(s): WOODFOREST NATIONAL BANK

Fee: No Cost