Here is a simple spending system that can greatly help your personal finance budgeting: - Create a personal finance budget that you can use - Save 10% of your income - Always know exactly how much you have left to spend - Instantly know the impact of every spending decision - Track all your purchases - Pay your bills on time - Effectively manage credit card spending Many people create a financial budget based on other people financial worksheets. Always plan for the worst they might come any time, any place. Budgeting money also means saving some money aside for an emergency expense. If a member of the family might get sick or the money you expected to receive is delayed, you will have an emergency fall back plan. Resist the temptation to splurge. Use cash whenever possible and work out realistic payments with creditors to reduce financial liabilities. Consolidating debt into a low-interest loan could be a great solution for you. Or perhaps you just need a structured repayment plan. Maintain a cash cushion. Nothing is more stressful than losing your job or receiving an avalanche of unexpected bills. 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. The reporting and control stage In the reporting stage, budgets serve as a reference point for many reports, such as performance reports that support bonuses and promotions in the organization. In this final aspect of controlling, differences from budget are noted, evaluated and explained because this helps the household or organization's ability to begin preventive or corrective actions. As early as 1990, some organizations in countries like the USA and Australia implemented this new budgeting program to replace the old and known method of budgeting, the "line item budgeting." Activity based budgeting is a method of budgeting in which activities that incur costs in each function of an organization are established and relationships are defined between activities.