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Essay / Research Paper Abstract
This 5 page paper examines the budgeting process. Behavioral aspects are explored. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA833beh.rtf
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Unformatted sample text from the term paper:
budgets too, and in fact, much is made about where money is allotted for those entities. Finances as related to campaigns are relevant because they must abide strict laws. Clearly,
budgeting runs the gamut and even is encountered in personal business. Most financial planners encourage people to set up budgets so that they can work within spending guidelines. Of course,
projected budgetary amounts are a bit different from budgets that rely on exact figures or monies that have already been collected. Yet, whichever type of budget one is pursing, there
is one common factor which is that people create the budgets. While computers may help in the creation of budgets in any area, there are certainly behavioral aspects of budgeting
because people are always involved. Computers may assist financial personnel, but budgetary decisions are made by human beings. The behavioral aspects of budgeting is a topic that involves financial information
along with social scientific information about behavior. After all, people behave certain ways around money. CEOs may make decisions in order to keep themselves on board as opposed to what
is really good for the company. On a personal level, people use money unwisely when they have an addiction, or simply because greed enters the picture. When it comes to
the budgeting process, behavior definitely plays a role. For the addict who is still cognizant enough to create a budget, a lot of money may be set aside for entertainment.
Someone who is not addicted to alcohol or gambling for example, may allot most of their money to mortgage payments and investment as they think about their future. Some may
budget a lot of money for vacation, while not considering the childrens college education funds. Values and behavior come into play where budgets are concerned. Interestingly, for quite some
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