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What is a personal budget in which expected income exceeds expected spending called?
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When revenue exceeds expenditures?
there is a budget surplus
What is the difference between business plan and budget?
The purpose of a budget is to create a list of all your planned revenue and revenues, a budget is created to plan spending or saving to reach a certain goal. A personal budget is a financial plan that is used to allocate future income towards debt repayments, savings and expense. All past spending and expenses and personal debt are all taken into consideration when doing a personal budget. In business a budget is used to calculate the cost of a business, a business budget is a spending and saving plan used to allocate resources to reach a business goal. This management tool is used to coordinate and predict expenses in a effort to minimize their business resources, a budget is a time-specific and it must be flexible when it come to financial changes. from Tiffany bates
What is the primary purpose of a cash budget?
The primary purpose of a cash budget is to limit spending. A cash budget can also help people track their spending.
Monitor Your Spending with a Personal Budget?
When it comes to personal finance, some people look at the word �spending� as an evil and dirty word. In reality, everyone must spend in order to survive. The key is to develop spending patterns that allow a consumer to enjoy life while not spending himself into a financial hole. One of the best tools for controlling spending habits is a personal budget. With a budget that can be seen and worked with each month, it becomes easier to plan spending so that it does not get out of control.The first step to controlling spending using a budget is to determine exactly how much excess income exists each month to be spent. Excess money is the funds left over after paying all of the monthly bills and expenses, and putting aside money to reach pre-determined financial goals. One of the most difficult parts of getting used to a budget is in realizing that a spending plan is a much more efficient way of monitoring monthly finances than trying to live week to week without a plan. It is important to realize that a budget does not take away the freedom to spend. A budget allows a consumer to spend responsibly and avoid the pitfalls of debt.Expenses on a budget are considered necessary spending. They are items such as groceries, gasoline for the car, entertainment spending and savings. This is the part of monthly spending that a consumer must get under control and monitor using a budget each month.Keep a spending log that outlines every dollar spent during the course of a month. Review that log to determine which numbers become monthly expenses, and which spending activities should be eliminated. For example, buying lunch at work each day is not as financially responsible as bringing lunch from home and saving the money.Once the expense budget numbers are determined, they are combined with the regular monthly bills to determine how much the total financial obligation is for the month. That number is compared to the monthly income and the positive difference is how much can be spent on other items during the month.A personal monthly budget should include a plan for setting a portion of that spending money aside in a savings account for emergencies or any future large purchases to avoid getting involved in high-interest credit.Being financially responsible is not always fun, but monitoring monthly spending money can help a consumer avoid years of excess debt. Develop a personal budget that can be a tool to help monitor spending and maintain a positive financial outlook.
Is a spending plan the same thing as a budget?
yes it is (:
What is the yearly amount by which federal spending exceeds revenue?
budget deficit.
Which of the following describes a situation in which government spending exceeds its revenue?
budget deficit
What is south African budget based on is it on required or general or expected or earned income and spending?
The South African budget is based on the the expected income and spending. The South African budget is based on the tax collected and the expected or earned income.
What happens if tax revenue of the federal government exceeds spending?
There is a federal budget deficit.
What is deflect?
Deficit spending is the amount by which a government, private company, or individual's spending exceeds income over a particular period of time, also called simply "deficit," or "budget deficit," the opposite of budget surplus.
What is budget mismanagement?
Every business not matter how big or small should each year create a budget to run their business. Each department then will be allocated their share and expected to use that budget and NOT exceed it. There are time when despite your best endeavours the budget is just not enough and a re-budget is put in place . That is not done except in exceptional situations. Each person responsible for maintaining the control of the budget has to monitor these spending very carefully. If someone is not managing the spending or is spending their budgets on things that are not part of the business requirement etc then this is mismanagement.
When revenue exceeds expenditures?
there is a budget surplus
What is the difference between business plan and budget?
The purpose of a budget is to create a list of all your planned revenue and revenues, a budget is created to plan spending or saving to reach a certain goal. A personal budget is a financial plan that is used to allocate future income towards debt repayments, savings and expense. All past spending and expenses and personal debt are all taken into consideration when doing a personal budget. In business a budget is used to calculate the cost of a business, a business budget is a spending and saving plan used to allocate resources to reach a business goal. This management tool is used to coordinate and predict expenses in a effort to minimize their business resources, a budget is a time-specific and it must be flexible when it come to financial changes. from Tiffany bates
What to do when your husband's expenses exceeds household budget?
Discuss a budget plan with your husband and stick to it.
Which branch gives the OK for budget spending?
The legislative branch authorizes and appropriates funds for budget spending.
What is mismanage?
Every business not matter how big or small should each year create a budget to run their business. Each department then will be allocated their share and expected to use that budget and NOT exceed it. There are time when despite your best endeavours the budget is just not enough and a re-budget is put in place . That is not done except in exceptional situations. Each person responsible for maintaining the control of the budget has to monitor these spending very carefully. If someone is not managing the spending or is spending their budgets on things that are not part of the business requirement etc then this is mismanagement.
What is the primary purpose of a cash budget?
The primary purpose of a cash budget is to limit spending. A cash budget can also help people track their spending.
