Budgeting is how a business plans for future production cycles. An initial budget - known as a "static" budget - is a necessary planning tool; creating a second, flexible budget allows a business to ...

If you want to get a better handle on managing your money, creating a budget should be the first step. You have choices in the type of budget you want to create. Fixed budgets and flexible budgets are ...

A flexible budget is one that is allowed to adjust based on a change in the assumptions used to create the budget during management's planning process. A static budget, on the other hand, remains the ...

Business owners and their managers use budgets as a roadmap for allocating their firms' resources. Most businesses use budgets with fixed estimates for revenues and expenses, by category or ...

Budgets are important tools for helping companies analyze their costs and pinpoint ways to maximize their profits. Some companies follow static budgets, which remain constant regardless of sales ...

Best for: Ongoing projects with an inconsistent work flow and a flexible budget. Example: Company XYZ contracts with a Web developer to maintain its Web site. This typically requires just a few hours ...

Think budgeting is all about strict rules and saying “no” all the time to the things and experiences you love? It doesn’t ...