Savings and Budgeting
Savings versus Budgeting
Name: Ashdane Beckford
School: Glenmuir High, 10 Glenmuir Road, May pen P.O Clarendon.
School number: 986-2372 986-2538 986-6355
Students number: (1876)431-5521
I Ashdane Beckford DO NOT have a family member employed at the FSC or Junior Achievement Jamaica.
When I was first assigned this project which is in the form of an essay, I thought about two things before drawing any further conclusions: * The effectiveness of Budgeting * The effectiveness of Saving After long periods of meditation on both topics I was lead to believing that I needed to acquire an active example of Budgeting against Savings which is taking place in the wider society at the present moment before drawing any further conclusions about either of them, but my personal understanding of both wise financial ideas is “Budgeting is useless without saving and saving is nothing without budgeting.” With me being a child the only place I have access to such displays is in the school system, which is Glenmuir High for me. In this school I am exposed to people of different racial and ethnic groups which all have specific views about the financial aspects of their individual lives .The less fortunate would focus on things they need instead of what they want ,with this concept budgeting can be carried out flawlessly opposing to savings .The money you have will eventually be spent on crucial things in your life and such a way to make use of the little financial aid is to budget ,when you budget, the money is still spent but now you are fully aware of where exactly your money is and where it is going at all times. If you save the money the money
Name: Ashdane Beckford
School: Glenmuir High, 10 Glenmuir Road, May pen P.O Clarendon.
School number: 986-2372 986-2538 986-6355
Students number: (1876)431-5521
I Ashdane Beckford DO NOT have a family member employed at the FSC or Junior Achievement Jamaica.
When I was first assigned this project which is in the form of an essay, I thought about two things before drawing any further conclusions: * The effectiveness of Budgeting * The effectiveness of Saving After long periods of meditation on both topics I was lead to believing that I needed to acquire an active example of Budgeting against Savings which is taking place in the wider society at the present moment before drawing any further conclusions about either of them, but my personal understanding of both wise financial ideas is “Budgeting is useless without saving and saving is nothing without budgeting.” With me being a child the only place I have access to such displays is in the school system, which is Glenmuir High for me. In this school I am exposed to people of different racial and ethnic groups which all have specific views about the financial aspects of their individual lives .The less fortunate would focus on things they need instead of what they want ,with this concept budgeting can be carried out flawlessly opposing to savings .The money you have will eventually be spent on crucial things in your life and such a way to make use of the little financial aid is to budget ,when you budget, the money is still spent but now you are fully aware of where exactly your money is and where it is going at all times. If you save the money the money