Content What is budget? What is budget line? Why do we need budget ? How we use budget in our everyday life ? How is Maths used in budget? Advantages and Disadvantages of Budget in real life. Facts Conclusion Collage विषय
An estimate of income and spending for some period of time. A budget is a spending plan based on income and expenses. In other words, it’s an estimate of how much money you’ll make and spend over a certain period of time, such as a month or year. What is Budget? बजट क्या है?
A budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within his or her given income. Consumer theory uses the concepts of a budget constraint and a preference map to analyze consumer choices Slope of a budget line is the "price ratio" of the two goods. Since the slope is inconstant we will get a straight line. The only case where a budget line may be non linear is the case of kinked constraints. What is a Budget Line? बजट लाइन क्या है?
Why do we need Budget? The importance of making a budget is a financial lesson that cannot be overemphasized. It helps you keep your eye on the prize. It helps ensure you don't spend money you don't have. It helps you prepare for emergencies. It helps shed light on bad spending habits. हमें बजट की आवश्यकता क्यों है?
How we use budget in daily life? Budgeting allows us to create a spending plan for our money, it ensures that we will always have enough money for the things you need and the things that are important to us. A budget or spending plan will also keep us out of debt or help us work our way out of debt if we are currently in debt. It i dentifies our available capital and estimates our spending, and helps us predict our revenue. It tackles both short-term obstacles and long-term planning's.
We use budget :- To save more money. To control overspending. To ensure our expenditure reflects our goals and values. Avoid spending money that we don't have. Getting out of debt. Staying on track for long-term financial goals. Examples: How we use budget in daily life?
How is Maths used in budget? Maths is more than essential when it comes to your money, as it helps you avoid overspending and having to ask to borrow money. Without mathematics, you risk not being able to put enough money away for the future or agreeing to a shoddy interest rate at the bank. It helps you know the financial formulas, fractions; measurements involved in interest calculation, hire rates, salary calculation, tax calculation etc. which help complete business tasks efficiently. Business mathematics also includes statistics and provides solution to business problems.
ADVANTAGES Advantages and Disadvantages of Budget DISADVANTAGES An extensive insight for united rural development. Public-private partnership model in healthcare. Highlighting the need for modern businesses and societies In the education and training sector, the government acknowledged the need for commercialization; permitting FDIs and ECBs and allowing online degree courses. Since the budget provides money in the hands of consumers, it discourages savings by opting for the new personal tax rate structure, I think it is not the best way to boost consumption. The removal of Dividend Direct Tax might lead to higher taxation for the investors. The tax structure is made more complicated for individual taxpayers than making it simple.
Budget in 2021-2022
MODEL
You spend your TIME to make a DIME. You lose your HEALTH to make your WEALTH, but at the end it is FUNNY because you leave all your MONEY behind. Quote
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FACTS तथ्य Finance minister RK Shanmukham Chetty presented the first budget of Independent India. The Union Budget was Only Printed in the English Language, Even After Independence. The Longest Budget Speech Had 18,650 Words While the Shortest Only had 800. 4. The first ever Indian budget during its colonial era was presented by Scottish economist and politician James Wilson in 1860, two years after the transfer of Indian administration from East-India Company to British Crown . 5. India’s first prime minister Jawaharlal Nehru was also the first in the top post to present the Budget when he held the finance portfolio in 1958-59.
CONCLUSION निष्कर्ष Budgeting is very essential in real life, without a proper budget money will flow from our hands and our day to day requirements won't be properly fulfilled. Budgets are used all over the world, It can be for occasions, it can be for countries economic expenditure or even monthly spend uses budget Each state of India requires a proper budget and each country too. In short budgeting, is a spending plan which helps every person in day to day life.
COLLAGE कोल्लाज
Group Members 1. Anmol Singh 2. Akshaya Agarwal 3. Deekshitha Sree 4. Dhatri Priyadarshini 5. Dasari. Divya Shree 6. Divyansha Grover समूह के सदस्य