Business budgeting is imperative to keep your business on track. Both business and personal budgets are important tools.
Creating and maintaining a ‘projected’ budget helps monitor and manage income and expenses and compare them to actual income and expenses.
With Lumos Business Solutions as your CFO, we regularly check your income and expenses budget against your actual income and expenses. This allows you to know exactly what today, tomorrow, next week and next month will look like.
Also, where you need to focus to get back on track with your financial fitness.
Start a conversation with Lumos Business Solutions today about our Virtual CFO services.
Personal budgeting allows you to understand exactly where your money goes.
A personal or home budget reduces stress about spending and allows you to plan and save.
Basically it’s a financial plan that allocates future personal income towards expenses, savings and debt repayment.
Past spending and personal debt are considered and included when creating a personal budget.
Lumos Business Solutions can help with methods and tools for creating, using and adjusting a personal budget. Contact us for more information about business and personal budgets.
© 2022 Lumos Business Solutions.
