Sometimes our financial estimations are wrong

[Starmix]

What makes us wrong in our financial estimations? The reason is so obvious. The prices of commodities fluctuate almost every day and if we make estimations for a one-week budget, we might have fall short of our estimated budget. You already set aside the budget for a week and then when you are there in the market, you will be shocked by the sudden changes in the last week's prices. What shall you do with that situation? In my case, I have to adjust the items I need to buy to match the budget that I have. What about you guys?

 

[eLdavis]

This is why it is best to always cross check every single time before concluding.

 

[Suba]

Estimation is not a mathematical science that is always correct, when we make financial estimates in the future of course we consider all factors/items ceteris paribus. So it is very natural that the estimates we make are always inaccurate. When we enter the shop, I will still buy according to plan even though the price increases, such as if we want to buy car tires, it is impossible to replace them by buying low quality car tires.

 

[Starmix]

That's why it's called estimation to mean not fixed. There were times when what I estimated was correct, that's a funny thing.

 

[Augusta]

That's why it is called a budget. it is a kind of estimation so you can't be so perfect at it. You just have to adjust either forward or backward all the time to meet your present event.

 

[Starmix]

That is needed by each of us to make a direct adjustment once our estimation is far from our expectations. The high prices pf commodities are always blocking us.

 

[neku]

It is very difficult to predict online income, since powerful companies are blocking almost all online orders. So I have stopped predicting online income and try to reduce the online expenses to the extent possible.

 

[Kross]

When you estimate, you have to give allowance for shocks because nothing financial can be said to be a certainty.

 

[Starmix]

Giving allowance to our estimated amount is feasible. That would lessen your tightened budgetting. Prices never go down.

 

[Augusta]

When you estimate, you have to give allowance for shocks because nothing financial can be said to be a certainty.

My point exactly, that's why it is an estimate. it means you are not too sure. So it it a gap to fill in, in the future.

 

[neku]

In some places, security agencies are criminally defaming older single woman professionals, because the lazy greedy wife of a top security agency employees wants to rob the savings of the single woman.

 

[Starmix]

In some places, security agencies are criminally defaming older single woman professionals, because the lazy greedy wife of a top security agency employees wants to rob the savings of the single woman.

It is only happening in your place not in my place and others place full of fraudulent acts. I am wondering how people survive there surrounded by fraudsters.

 

[neku]

It is only happening in your place not in my place and others place full of fraudulent acts. I am wondering how people survive there surrounded by fraudsters.

The election results in some states are an indication of the widespread financial fraud in the country, and it is very difficult for a large number of citizens to get justice, prevent exploitation.

 

[Starmix]

The election results in some states are an indication of the widespread financial fraud in the country, and it is very difficult for a large number of citizens to get justice, prevent exploitation.

In today's world where democracy is vital, how come that fraud is still rampant in your area.Why don't you write the prime minister?

 

[Fidelia]

When doing financial estimations, you must always know that it is just a base and not what would really happen in reality. Financial estimates are just guidelines.

 

[magnus2022]

Why we make estimate is not to be 100% accurate but to be close to at least some extent. Even budgets runs on estimate or what is called benchmark.

 

[Starmix]

There is no fixed estimation yet it could be closer to what we expect. At least we estimate than imagining only the time you're facing to those real things you need to buy.

 

[King Belieal]

We can only estimate but not be definite about it. But when you estimate as a guide, try to make it as closest as you can to reality so that you won't be shocked too much.

 

[Nomad]

That's why they say you need to diversify your invest and hedge investment with liquid saving.

 

[Starmix]

There is nothing wrong when we estimate prices. This way helps us to control our expenditures. our estimation could be high or low.