Budget is useful when you are running out of money and have to cut spending.
Figures relating to a budget that are developed from the "bottom-up" following a participatory process are going to be the most useful.
Here are the differences between the two: Flexible Budget-A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and useful than a static budget, which remains at one amount regardless of the volume of activity. Rolling Budget-Method in which a budget established at the beginning of an accounting period is continually amended to reflect variances that arise due to changing circumstances. Hope this helps!
Rolling budget can be diffiend as: Budget or plan that is always available for a specified future period by adding a period ( month, quarter or year ) to the period that just ended. also called CONTINUOUS BUDGET Rolling budget is a budget prpared with a fixed planning horizon.To achieve this, the budget is constantly being added to at the same rate as time is passing.it's very useful for companies experiencing rapid change, as they require forecasting for much shorter time periods.
The budget of Congressional Budget Office is 46,800,000 dollars.
an operating budget and a capital budget
Figures relating to a budget that are developed from the "bottom-up" following a participatory process are going to be the most useful.
Apply it and monitor its purpose on a regular basis
Budgets help people reach their financial goals.
Budget line helps the consumer to decide to purchase a particular combination that falls in his budget line although a different combination is more desirable as it will give more satisfaction level.
Here are the differences between the two: Flexible Budget-A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and useful than a static budget, which remains at one amount regardless of the volume of activity. Rolling Budget-Method in which a budget established at the beginning of an accounting period is continually amended to reflect variances that arise due to changing circumstances. Hope this helps!
Don't know ask someone else
They are useful for recording huge debts: such as the US budget deficit or trade deficit.
Budgets help people reach their financial goals
Rolling budget can be diffiend as: Budget or plan that is always available for a specified future period by adding a period ( month, quarter or year ) to the period that just ended. also called CONTINUOUS BUDGET Rolling budget is a budget prpared with a fixed planning horizon.To achieve this, the budget is constantly being added to at the same rate as time is passing.it's very useful for companies experiencing rapid change, as they require forecasting for much shorter time periods.
Enterprise, Budget, and Hertz sell their used cars to the public at the end of their useful life.
It is best to make a budget that is a realistic target. It is also very useful to set aside a portion of income each month into a safe savings account that one can withdraw from, incase any unforeseen circumstances crop up.
A pie chart dividing up the budget into categories