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...

For many years, I've been a fan of what is known as a Flexible Budget. This is not flexible budgeting in the sense that the government uses - "No money in the budget? Hey, we're flexible. Spend away!"No, a flexible budget is actually a very useful management tool which brings a new level of clarity to budget-to-actual analysis. In essence, it...

Personal budgets are hard, right? They are complicated: you need to be a computer programmer to figure it out, right? Wrong. A personal budget can be as complicated or as simple as you want to make it, so make it simple by following the one column solution.The one column personal budget solution is exactly what it sounds like: you have one column...

Creating a budget is a fantastic first step in getting your financial situation under control, especially if you are currently having money troubles. Unfortunately just creating a budget is no guarantee that your money situation will turn around - you need to be able to stick to it. There are many reasons why a budget may ultimately fail. Here...

Lots of people fail to see why a budget is a good thing. It may seem as if being put on a budget says that you don't make enough money or make wrong choices. Actually, being on a budget says that you make the right choices. For now and for the future.So why should you budget?1. A budget gives you the ability to control your money. Your money doesn't...

In an attempt to illustrate math concepts and to help math students understand how math is used in the real world, I would like to show how exponents are used to represent really HUGE numbers. As an example, I will use the Proposed 2011 U.S. Federal Government Budget and the projected annual deficit it will leave in its wake.Let's start with a...

The one management task that most IT managers fear the most is the process of creating a new budget for their team. One of the reasons that I believe that this critical task is feared so much is simply because most IT managers don't realize that there are many different types of budgets that they can create. Once you know the 3 main types of budgets...

The "B" word sends a shudder down the spine of many people. It conjures up fears of never being able to do anything with their money. That it is somehow locked up in this budget and cannot be used for anything else. That in fact is not the case. A household budget is simply a way to see where all your money is going. And more importantly to give...

Are you one of those, who find it hard to save on their monthly income? Looking for some ways that will aid you to manage your monthly budget and expenditure effectively, in order to meet all the needs of your family? If yes, then the budget planner is a must for you. With the great wave of current recession, it is essential to understand the...

Creating a basic household budget is one of the most important steps anyone can take to improve his or her long term financial stability. Matching income to expenses through the use of a monthly budget is a great way to understand just where your money is going, and to get a handle on unneeded expenditures.Given the many advantages of the household...

The "B" Word: BudgetingWhen it comes to financial fitness, a sound, practical budget is required no matter what your goals are. While some have decided the envelope system of budgeting is no longer useful as we don't use cash very often, there are still tools out there to help.A budget is simply defined as a method to organize your spending. Some...

It is very important to determine a budget for any home improvement project, and kitchen remodeling is no exception.A word of caution: I spent several hours researching kitchen remodeling cost and budgeting on the internet to gather data for this article. I ran into a couple websites that gave square footage pricing for kitchen remodeling. Although...