And let's not forget that we are talking in layman terms and not about qualified accountants. Today's women are not just homemakers but breadwinners too. So I guess one can say they are good at earning money too. This piece should prove as a guide to those young ladies who are new to the role of a homemaker. The elder ones could teach a lesson or two to business school graduates.
Many women do have a rough budget planned mentally but one bad decision can ruin the monthly budget.
It need not be a new dress or a pair of shoes to join an already bulging collection. What matters most is the timing of the decision to spend money even on essential household items. Planning a budget is not going to work miracles like less expenses or more cash available. The advantage of planning a budget is that one can anticipate to a fair degree as to how much money is needed and what is going to be left for us to splurge. Now before we start, these are a few things on which one can ponder a little bit.