Journal : Budgeting

At work, have you ever experienced the results of inadequate financial budgeting and planning? If so, describe your experience. What were the consequences? What could have been done better?

If no, discuss your opinion on a starting point in the budgeting and planning process. Also, mention the fundamental elements of an adequate financial planning process.

Criteria:

1) Discusses personal experience of inadequate financial budgeting and planning, uses scholarly research to support ideas.

2) Journal entry includes a personal reflection that makes connections to current or future practice and uses concrete examples to make connections.

Include References.