You will also see the incoming and outgoing of cash that occur weekly, monthly, quarterly and annually. You will understand if your expenses are too high and your savings are too low to meet your financial needs that allows you live comfortably. From this initial picture, you can then forecast your expenses for the coming year. If you think you're responsible enough to use it in emergency situation, then leave one for those times. Buying a Gucci dress for a hot date isn't an emergency situation. Paying for school tuition fee or electric bills is a right example of emergency situation. Only fools keep more than one credit card. Strategic planning offered by business budgeting software creates goals and financial targets that reflect trends and forecasts in the market. It will allow you to easily compare and choose initiatives that will bring about good results. Budgeting and planning are the main features of budgeting software, as the name itself implies. It is a time-consuming, multi-layered, and complex process. But it doesn't have to be that way. Financial budgeting is essential to give you control over your financial life. 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. Your fixed expenses such as rent, car insurance, mortgage and utility bills can be lessened a little, but for the most part it will stay the same. However, do not forget that a little of everything goes a long way, so try to lessen on these expenses as much as you can. Small savings will add up. If you can bring lunch from home, your savings will be about $5.00 a week. 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.