Capital expenses are often made to achieve a future goal, such as higher education or retirement and they can help the individual achieve his or her long-term goals by creating a plan of multiple and steady payments that help achieve the long-term goal. The Cash Budget: This type of budget is prepared to establish the amount of income available to meet one’s goals. This is done by listing the income expected for each period and the numbers should be reviewed on a monthly basis to reduce budget variances.ey, in a way that its use is maximized. The financial tools described in chapter 5 of the book titled Personal Finance by Rachel Siegel and Carol Yacht (2009), can be used to make better financial decisions. Monetary movements over a long period of time, when put on paper, can help the individual see the patterns created by these monetary movements, and he or she can use this information to learn about his or her spending habits, creating a better view that allows the reader to see where all the income is going, and giving the individual the opportunity to use that information to reduce unnecessary spending and improve his or her current financial
Capital expenses are often made to achieve a future goal, such as higher education or retirement and they can help the individual achieve his or her long-term goals by creating a plan of multiple and steady payments that help achieve the long-term goal. The Cash Budget: This type of budget is prepared to establish the amount of income available to meet one’s goals. This is done by listing the income expected for each period and the numbers should be reviewed on a monthly basis to reduce budget variances.ey, in a way that its use is maximized. The financial tools described in chapter 5 of the book titled Personal Finance by Rachel Siegel and Carol Yacht (2009), can be used to make better financial decisions. Monetary movements over a long period of time, when put on paper, can help the individual see the patterns created by these monetary movements, and he or she can use this information to learn about his or her spending habits, creating a better view that allows the reader to see where all the income is going, and giving the individual the opportunity to use that information to reduce unnecessary spending and improve his or her current financial