Planning expenditure

• 11 reasons why its important to plan expenditure

  • Avoid debt
  • Avoid legal repossession
  • Avoid bankruptcy
  • Remain solvent
  • Manage money to fund purchases
  • Set financial targets and goals
  • Generate income and savings
  • Maintain a good credit rating
  • Counter affects of inflation
  • Provide insurance against loss or illness
  • Control costs
• Benefits of planning

  • Good credit rating
  • Generate an income
  • Fund unexpected purchases
• Risks of not planning expenditure

  • Debts
  • Legal repossession
  • Unable to save for the future