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aamirmajeed5100

For own budgeting one will need a personal financial program is False.

There's no need for any developed program to calculate its own budget. As we know There are various methods to calculate the financial budget. These six steps to calculating the budget;

we can calculate by;

  • Assess your financial resource
  • Determine your expenses
  • Set goals
  • Create plans
  • Pay yourself first
  • Track your progress

Through these above steps, we can determine the budget. We know that resource allocation and access are more important for any business so the first step is tracking the financial resources from where the assets are set up.

The second portion is to determine the expenses of the respective business it will help the input and output of the system. Next goal determination and plan creation are the steps and after that pay yourself to get more determination.

After this, you can track your progress the rest of the output will be the profit and all the addition will be the budget and could be calculated easily.

For more questions like Special financial Program visit the link below

https://brainly.com/question/15211474

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