Budgeting

When you hear the word "budget," do you think "Ugghh!"? If you would rather do just about anything besides create a budget, you're not alone. The word "budget" brings up connotations of endless numbers, constraints, the opposite of freedom and creativity, and hard work, none of which are very desirable.Yet, the benefits of a budget are huge. Budgets...

Rules. No-one likes rules. But we all realize that if we didn't follow traffic rules and stop at a red light, our streets would be chaos. If you want to have a successful personal budget, you have to follow the rules (in this case one simple rule).Many people believe that there are a lot of rules to follow when making a personal budget. People...

Planning For Success In Your BusinessDo you feel like running from the room screaming when someone says, "Where's your budget?" Or what about "How much did you budget for that?"Most people hate the idea of a budget. These are the people who have never had one. They feel that a budget is too confining and that it's something to avoid. Well, if...

A Modest Proposal for a Balanced Budget Amendment"The debt is like a cancer [that is] truly going to destroy the country from within."-Erskine Bowles, 2010Most have heard, with ever increasing volume, the debate over the U.S. Government's budget deficit. While the majority of Americans according to polls agree there is a deficit problem, most...

I see too many times where a template or boiler plate for a family budget is used incorrectly. Taking some form and putting in your figures and coming out with results is not a budget. It is simply posting what you made and how your spent it. This is not a good idea to start with.Start by first using your "net" income or average your income over...

Most companies don't use budgets to help them meet profit goals. Why? Well, most owners and CEOs reason that the effort required to learn how to build and use workable budgets is just too much. They seem to feel that learning how to budget is more frustrating than just hoping the numbers will all work out-if they only sell enough widgets or services...

BUDGET CRISIS - FOLLOW-UP 10-24-11---The Federal Budget is morbidly obese, and "gaining weight" every day.---INTRODUCTIONThis is my second attempt to shed some light on the very murkey process used to approve the US budget. The crisis relates to the inability to reduce the deficit. It might be helpful for you to read the first blog entry before...

"You can't do that - it's not in the budget!" This phrase is guaranteed to cause maximum frustration to anybody involved in trying to grow a business. For businesses in this situation, it's time to throw off the tyranny of budgeting and embrace the new concept of flexible planning. But where does traditional budgeting go wrong?The traditional...

When it comes to budgeting, some people are better at it than others, but some people are great at creating a budget, but they simply cannot stick to it. Creating a budget is the easy part; you can make fancy spreadsheets or even purchase software programs. You might be a procrastinator and think you will begin your budget next month, but then...

Money comes, money goes - why have a budget at all? A budget is such a handy little tool. Yes, I questioned the first several that didn't work for me. But when finances became scattered, I'd try again. I finally found a budget method that worked for my family. And I couldn't live without it. A budget is like a roadmap. It tells you whether or...

A budget is a tool to help manage and control your family's finances. As with many situations, having a plan of action can help you understand, focus and succeed. In this case your family's financial well being is extremely important and budget planning is a major cornerstone of that financial well being.It is important to understand that budget...

Whether you're living paycheck to paycheck or you have a surplus of savings built up, learning to budget your money - and maintaining an ongoing budget planner - is vital to proper money management.There's no one right way to budget your money. Some people like to jot income and expenses down on paper, others keep a sophisticated budget spreadsheet...

All businesses need to plan ahead, the reasons for planning are:- the business has a plan of where it is going and what it wants to achieve - resources can be allocated to meet those expectations - everyone is aware of what the businesses expectations are - decisions can be made more easily - progress towards those expectations can be monitored...

Business women must take control of their finances in order to control debt management. One powerful way to do this is through good budget planning and management. In fact, not understanding your business budget is a great way to find your business in a lot of trouble. Here are five quick tips to help business women see that budgeting doesn't...

A good budget is made to last throughout the years. Yes, you can budget in the short term to get through troubled times, but the best budgets will take you out of trouble and to your goals. Budgeting is essential in planning for your future.There are ways you can make your budget easier to commit to. The number on thing to remember throughout...

If you've developed a household budget to get your spending back in line or to just reduce stress, good for you! Creating and sticking to a budget isn't easy by all means. But it represents the best way by far to manage your finances so you can relax and worry about other things.A budget can also be a very useful tool for ending financial arguments...

There are two methods commonly used to prepare the Financial Budgeting Spreadsheets. These two methods are "Bottom Up Budget' and "Top Down Budget". Both methods share the same objective to produce an accurate Financial Budgeting Spreadsheets.Bottom Up BudgetIn the "Bottom Up budget" method, the company let the all the managers of departments...

Budgeting involves the planned allocation of funds to various departments in a business organization. Budgeting is often done by enterprises on a periodic basis. In simpler terms, it means planning for and estimating the financial position of an organization in a given time period.The process of budgeting is very basic. Budgeting helps keep track...

Ways to build better budgets refer to the methods developed by the financial experts to make the budget as error free as possible. In other words, these help us in understanding the ideal process of budget making. There are several small processes those when combined make the perfect budgeting process. These include effective tools for budgeting,...

Budgets never get the job done. Have you by chance noticed yourself, or somebody else declaring that in the past? I believe that budgets completely work. The issue is that most people do not work at pursuing tips on budgeting and they need personal finance help. The concept of a budget is very easy, and to state that it won't work is simply down...

Very few of my small business clients have a budget for their business. There is something about the word "budget" that implies "limitation" and "external control" for them. Very few people see a budget as a management tool in their own arsenal which would help them steer their business better.Developing a budget doesn't have to be hard, either,...

Your budget will guide you through the financial processes that build financial freedom and personal wealth. This guide will help you build security and independence. Without it, you are wandering aimlessly in the dark.The budget is the main requirement for financial planning. Without it, you can dream all you want, but you will not know how to...

Do you want to know how can you can get started on a budget and get yourself out of debt? If you've been struggling to get on a budget and have tried several times but they never seem to work for you, here are some tips. There's really no easy answer except to do it. The reason most people's budgets don't work is because they continue to spend...

Regardless if a big corporation is looking at the bottom line, or an individual is concerned about a personal budget or a household budget, there is a common philosophy that pertains to each situation. This philosophy is also adhered to by a good online budgeting program."It's not necessarily what you earn that counts the most, but what you don't...

With the glow of your recent engagement not far behind you, it's time to take a deep breath, steel your nerves, and make possibly the most important decision as it relates to your wedding. The Budget. Why the capital B? Why the drama? The Budget affects almost every element and detail of your wedding. And in these uncertain financial times, a...