try various strategies to minimize the effect of interruptions.

try various strategies to minimize the effect of interruptions.

Budgeting is performed by business, government, and individuals. In fact, nearly everyone budgets, even though he or she may not identify the process as such. Even if a budget exists only in an individual’s mind, it is nonetheless a budget. Anyone who has planned how to pay a particular bill at some time in the future—say, six months—has a budget. Although it is very simple, that plan accomplishes the essential budget functions. One now knows how much of a resource (money) is needed and when (in six months) it is needed. Note that the “when” is just as important as the “how much.” The money has to be available at the right time.

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