You learn to be satisfied with what is present with you and not anymore wish to possess other things that you know you just cannot possibly purchase. Personal budgeting makes you more industrious. Instead of living a sedentary lifestyle, you work for your stomach and try not to spend much on leisure. Credit cards make it easy to spend on impulse but by using a good program, you can reduce your expenditures because you can analyze your financial situation with ease. Budgeting software provides you with income statement, balance sheets, cash flow and other budgeting requirements to your computer. All you have to do is simply encode the necessary data which includes income, investments, and expenses related information. Family Budgeting For A Happy Home Since financial matters are one of the leading causes of marital problems and even divorce, getting a hold on your spending, implementing a budget, and saving for the future can also have positive effects on your relationship with your spouse or partner. When it comes to stress, there's nothing quite like finances to get the nerves jangling between husband and wife. The Australian National Audit Office has identified the advantages of activity based budgeting: The Advantages - Output costs are supported by a schedule of costed activities - Opportunities to examine work processes - Identifies non value-adding activities that can be eliminated - Basis of a performance measurement system and direct link between strategic goals and operational realities - Enables cost profiles to be managed - Accurate costing data for operational management - Costs are transparent, understandable and actionable Disadvantages - Activity definition may become too detailed and the model may become too complex and difficult to maintain - Underestimation of the task of collecting activity driver data - Implementation may be considered a financial management fad and there is insufficient commitment from operational managers Activity Based Budgeting Disadvantages - Usually requires buying Activity Based Budgeting software - Requires training of all managers including budgeting department - Requires people to really understand what drives their budget - Eliminates excuse that activity volume changed because it makes visible volume changes - Requires everyone to collect or estimate activity volume By understanding how resources are transformed into products or services, and byfocusing on the cost of activities, activity based budgeting helps an organisation to obtain a greaterunderstanding of how costs behave in their organization and which activities create significant amounts of cost. With budgeting, you will learn how much you are currently spending and how you can successful decrease your expenditures to help you make good savings for the rainy days. You are spending on a regular basis. Home payments and maintenance, utilities, auto maintenance and payments, insurance payments, child care and alimony, education, food, clothing, entertainment and travel are just few of the many things you spend your money on regularly. You can simply begin to put some of your savings toward the goals you really want to achieve some time in the future. Such plans may include a family vacation to Disney World or the construction of a new deck for the house. Once you figure out where all your money is going, you can make sure that you are not wasting.