03-11-2018, 04:42 AM
In my opinion, I don't think that yearly budget is feasible for a family. It's not that it cannot be done but sticking with the budget is almost an impossible task. A lot of unplanned projects are definitely going to crop up and as such resulting in deviating from the planned year budget. If it's for the country, budget is best done on yearly terms but when it's under family note, then going at it one a month basis is a lot more appropriate. I do my family budget on every monthly basis looking at my income in making such budget in order not to get myself into serious debts.