Envelope Budgeting System can be an effective method for managing different areas of business expenses. Allocating a fixed amount of money to each ‘envelope’ or category (e.g., marketing, R&D, salaries) ensures that spending is contained within set limits, encouraging discipline and preventing overspending.
- Log in or register to contribute
Contribute to three or more articles across any domain to qualify for the Contributor badge. Please check back tomorrow for updates on your progress.
