uncertain events wrong forcasting budget is not based on history
I recommend the "zero based budget". This is where every single dollar that comes in during the month is already allocated. Dave Ramsey allocates the use of this budget, he describes it as "a plan for every penny".
A year to date budget begins at the beginning of the year and carries through to the current date. This can be based on either the calendar year or the fiscal year.
The most important financial management issues are setting up and following a budget, as well as avoiding impulse spending. The key predictor of financial success is being able to follow a zero based budget.
A budget is good if it is based on logic. Budgets can help you stay on track with your daily goals as well as long term goals. Budgets should be written and adhered to closely. In this way you can go back and review how well you are doing.
zero-based budget
It based on ur budget. That what budget you have to afford a bike
Budget figures may be based on actual, budgeted, or standard costs. These categories are not mutually exclusive.
SALES
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.
abudget based on a single level of output
An incremental budget is a budget that is prepared based on prior-year figures, allowing for factors such as inflation.
Answer this question… Both houses work on spending bills based on the president's budget.
there are some difference among activity based flexible budget and conventional fllexible budget, the main differ is number of cost driver that use to allocat OHC, so my dissertation about this subject
uncertain events wrong forcasting budget is not based on history
sacrificing other things to benifit " more important" things, within your budget
Zero-based Budgeting