It is one thing to prepare a personal budget; it is another thing to stick to it.

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It is one thing to prepare a personal budget; it is another thing to stick to it. Financial planners have suggested various mechanisms to provide support for enforcing personal budgets. One approach is called “envelope budgeting.”

Instructions

Do an Internet search on “envelope system money management” and then answer the following question.

Summarize the process of envelope budgeting.

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Survey Of Accounting

ISBN: 9781119594536

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

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Question Posted: Dec 17, 2020 12:04 AM

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It is one thing to prepare a personal budget; it is another thing to stick to it.

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The basic idea is to set up individual envelopes each labeled with for a di...View the full answer

Survey Of Accounting

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