In traditional references are given to the previous year estimates. Factors are given adjustments to arrive at the figures of current year's budget. On the other hand, zero base budgeting starts from scratch. Previous year prices are not used for any calculation. In zero based budgeting you are given a fixed period of time, the next quarter or year for example. It is also possible to do budgets good for two to five years. Anything beyond five years generally is impractical because of the possible change in economy in that time span. There are many benefits of business budgeting. Developing a budget for your business on an annual basis allows you to review the business' overall operations. For anyone and everyone, here are some tips in budgeting money. For everyone: In budgeting money, it is important to learn to get into good spending habits. Making your very own filing system for receipts, bank statements, loan details among other things can help you in budgeting money. Always plan for the worst they might come any time, any place. DRESS You don't want to look like a window draped with curtains in your wedding day, nor for your bridesmaids to be the called walking throw pillows. Apportion the twenty-five percent of your wedding budget to dress. Dress tells whether or not you have taste. PHOTOGRAPHY Yes. It's not wedding invitation, it's not entertainment, it's not souvenirs. Budgeting is a critical step in planning and controlling your day-to-day operations. It is also a time-consuming, multi-layered, and complex process. To streamline the budgeting process and ensure more timely and accurate budgets, companies place great value on a formalized process that produces detailed yet flexible budgets that are fully aligned with the strategic goals of the organization. Because if you do, then you would have to be investigated by the government for certain issues, with a big risk of having to do time in prison. Or if not that, you would have to pay a higher amount as compensation. This budgeting tip can prevent you from rotting in jail and keep your peaceful and friendly relations with the government tax agency.