Answer:
Some things to consider when creating a budget are: financial goals, current expenses, and income. You want to focus on mostly income, and try some creative ways to spend your money.
Explanation:
1. Your Income Structure
The way in which money comes into your income statement is critical for planning cash flow.
2. Your Spending Habits
How money exits your income statement is equally critical to your cash flow.
3. Your Use (or Not) of Credit & Debt
Whether or not, and to what degree, you are carrying liabilities on your balance sheet will determine how much of your budget will need to go to service that debt.
4. Your Tech Savvy
The actual physical incarnation of your personal budget will also depend on the degree to which you are comfortable with technology.
5. Your Personality
This factor sort of intermingles with some of those mentioned above. You may be a hardwired spender or saver. You may embrace or shun technology. The key is to know yourself and play to your strengths. If the thought of figuring out how to use a computer gives you a rash, forget about it. Budget in a way that fits who you are.
The factors to consider when budgeting for a business is the company's current financial situation, available funds and revenue streams, business goals, and the outlook for the industry you're operating in.
Learn more about Budget at https://brainly.com/question/6663636
#SPJ2
