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.
To effectively budget for variable expenses, track your spending, categorize expenses, set limits for each category, prioritize essential expenses, and adjust your budget as needed based on your income and spending patterns.
The different budget methods available for managing finances effectively include zero-based budgeting, incremental budgeting, activity-based budgeting, and value-based budgeting. Each method has its own approach to allocating funds and monitoring expenses to help individuals or organizations achieve their financial goals.
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