On 7/31/2011 3:38 PM, Han wrote:
wrote in news:j148bo$9cb$1@dont-
email.me:

a budget is critical to managing your
money and remaining solvent

Problem is that a budget is just a plan. The difficult thing is to balance
outlays and revenues. If revenues drop because of rising unemployment and
expenses increase (because of rising unemployment), it'll be difficult to
balance outlays and revenues, no matter what last year's plans say.

You are right a budget is a plan where you have considered all
possibilities with plans for excesses and deficiencies. The reserve is
part of the budget and absorbs the excess and can proved funds to cover
the deficiencies

About the only entities that try to operate with out a budget is the US
government and some states. I believe all of the states with budget
problems do not have the balance budget requirement. All successful
companies work to a budget, and as private entities, must manage their
excess and deficient revenues.