There must be a clear distinction between a personal budget and the budget for investment.



Moreover, budget is the most important instrument to enhance the power of your money.



Following are few reasons why budget is relevant in our lives:



1. A budget is a guide.

2. Control over money.

3. Staying in available means.

4. Can meet your saving target.

5. A preparation for emergencies or unanticipated expenditure.



Via about.com