Budgeting

Nearly every organization or group has some sort of budget process that they undergo. When budgets are treated as friendly tools, they end up being one of the most meaningful planning methods. On the other hand, when budgeting becomes a meaningless exercise that is largely ignored, it often becomes the missing ingredient in effective strategic...

Creating a documentary budget is great way to think through every aspect of your film. Even though you may be eager to get started shooting your documentary right away, creating a budget can often be an enlightening experience, revealing factors that may otherwise slip under the radar. A budget forces you to think through every detail and can...

If there is one thing that all IT managers want, it's more money. For you see, we all believe that if only the company would boost the annual budget for our IT team then just imagine the great things that we could do! You can sit around hoping that the company will suddenly realize just how valuable your team is or you can do something about getting...

Budgeting is a lot of fun! Why? Because it's simply telling a story. That's all it is - a story you create and write. You become a "seer", predicting events and conditions which you really don't know whether or not will happen.A story told in numbers. How do you create a story that you understand intimately, a living document which changes and...

Most people find they go through a teething period when setting up their budgets. How to deal with? Don't stress! It's quite normal.Budgets may well blowout in the early stages. It's important to recognize this as a sign we've not quite got things right yet and to make appropriate adjustments.Ask yourself some questions:Was it just a one-off situation?...

Welcome to the world of "Budgeting"; a very important, yet widely neglected and misunderstood topic, in most households.I am involved in several home-based businesses, but the most important of these by far, is managing my Monthly Household Budget. Notice that I used the word "business" to describe managing my budget. Unlike most people, I treat...

Nowadays most people get very comfortable with paying for their daily expenses using credit cards. This is bad if they do not exercise self-control. This is because they may become addicted to this practice that they end up spending more than what they can afford or earn.A way to prevent this from happening is to manage their expenses and income...

Money Budgeting is a phrase that either bores them too much, or makes them depressed. But, this is how successful people deal with money - they budget. It's a lesson that must be learned to succeed financially in this life. Here is some helpful information.Many people are lured into the trap of spending more money each week than they are bringing...

You just graduated college, started a new career, got married, had a child, bought a house, bought a boat, whatever the case may be budgets are used at every stage of life. Budgets are used as a planning tool to set financial goals. Budgets are used to plan for the future to be allocating the proper resources today. Setting up a budget is very...

As most people say, time is money. It is also very important that people learn how to budget time so that they can be more productive and efficient. The skill of knowing how to budget one?s time should be learned early on, especially before one joins the workforce. This is because having discipline with budgeting time is a skill that young people...

In recent years, there have been numerous calls for company to move away from Excel-based Corporate Budgeting to Business Performance Management/ Business Intelligence (BPM/BI) systems. Reasons cited include: Slow throughput time due to the complexity of the budget. Challenges in maintaining data accuracy during consolidation. Despite the repeated...

What can be more taxing other than planning your personal or your company's earnings, expenditures and revenues? To make the task of tracking finances easier, the technological advancements have found out an ideal option - Budgeting Software. In fact there are various kinds of budgeting software's, which are currently available in the markets....

If you want your budget to succeed over the long term there are eight things that might have an affect on your effectiveness to hold fast your budget. Identifying and conquering these things is essential to stay on the right track and achieving your budgeting objectives.1. Neglecting to set an objective - A budget with no a goal will quickly fizzle...

Many of us have negative connotations associated to the word budget. We feel it is restricting, not allowing us the freedom to spend our hard earned money the way we choose. We view budget as something which needs to be done by those who are struggling financially. Budgeting, however, is a fundamental concept which must be adhered to if financial...

Most budgets are created by taking the previous budget, comparing it to the actual expenses, adding in anticipated new programs, and often merely adjusting the numbers by an estimated percentage, often based on the cost of living, or some other factor. While this is the prevalent method used in budget preparation, many people, including me, feel...