You have received phone calls or letters about delinquent bill payments. Your credit cards are no longer used for the sake of convenience, but because you don't have money. You are hiding the true cost of your purchases from your spouse. The amount of debt left unpaid increases overtime due to interest rates. Record and communicate the budget. Comparing your budgeted and actual results will help in evaluating whether you truly were sticking to your budget or not. You can prepare a budget to cover proactively any time period. Usually, a one-year period is developed. This annual budget is mostly projected on a quarterly basis, with each quarter detailed in months and/or weeks. Budgeting for Your Wedding You don't have to marry the Prince of Wales just to have that wedding you're dreaming of; although actually marrying the Prince of Wales is always part of every woman's wedding dream. The key is to (1) find the persons who could offer the services you are looking for in the least amount there is in the market and (2) learn to apportion your money properly, or in other words, learn to budget. For students: It will help you in budgeting money if you can get a job. A job does not only involve earning more money for you to spend outside of the money your parents send you, but it can help you boost your career potentials when you graduate from college. There are companies around town that offers part time and full time jobs for students like you. There are different stages of the budgeting process: - plan - execute - review - report the ogranization's financing, investing and operating activities The planning stage Budgeting pertains especially to the planning stage. Budgets are tied to long-term and short-term plans to achieve the desired success factors related to quality, cost and time. There's no need to have a negative attitude about budgeting. Stop thinking about budgeting as a difficult task or a punishment for being an impulsive spender. And stop thinking about it as a financial diet. A budget is simply a tool to increase your consciousness of how and where you spend your money.