Types of Budget
The process of budgeting for capital expenditures is essential for a business to operate and grow from a sound financial position. Capital expenditures are expenses a business makes to generate financial benefits over a period of years.
What is a 'Cash Budget' A cash budget is an estimation of the cash inflows and outflows for a business over a specific period of time. This budget is used to assess whether the entity has sufficient cash to operate.
A cash budget is an estimation of the cash inflows and outflows for a business or individual for a specific period of time.
Consumer debt consists of debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate. Consumer debt consists of debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate.
For some emergencies, it also helps to use an emergency budget—a deflated spending plan to make sure the money in your fund lasts as long as possible. Most experts say you should have between 3-6 months’ worth of living expenses in an emergency fund.
A: The term financial budget refers to projections on an organization's income and expenses both on a short-term basis and long-term basis. According to the Entrepreneur, short-term plans should cover at least one financial year, while long-term plans ought to cover at least three years.
A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and useful than a static budget, which remains at one amount regardless of the volume of activity.
These food plans are what the USDA estimates are the cost of food for thrift, low-cost, moderate-cost, and liberal levels. You'd be surprised, perhaps. The thrifty food budget for a family of 2 under 50 years old is $373.30 a month; the liberal food plan budget is $743.10 for that same 2 person family as of December 2011).
The housing expense ratio indicates a borrower’s ability to make the payments on their mortgage loan. The ratio measures housing expenses as a percentage of gross income (income before Social Security, Medicare and tax deductions).
Definition of income budget: An operational budget based upon achievement of specific income levels. Often used by governments that base departmental budgets upon taxes and other revenue sources.
Definition: A master budget is an expensive business strategy that documents expected future sales, productions levels, purchases, future expenses incurred, capital investments, and even loads to be acquired and repaid.
A detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period (usually one year). It generally consists of several sub-budgets, the most important one being the sales budget, which is prepared first.
Features of a program budget include a written overview of how the costs are allocated, possible reasons for fluctuations in the expected costs and how to cover the expenditures. The report overview justifies each of the listed purchases and sometimes offers solutions to reduce the costs of the project.
This is the part of your budget that is really about helping you secure your financial foundation. It includes what you put toward emergency savings, retirement and other future goals, like a home down payment fund.
A static budget is a type of budget that incorporates anticipated values about inputs and outputs that are conceived before the period in question begins. When compared to the actual results that are received after the fact, the numbers from static budgets are often quite different from the actual results.
Planning for Utility Costs in Your Monthly Budget Unless you live in an apartment where utilities are included, you probably groan slightly every month when your utility bill arrives, and you may wonder how you can account for utilities in your monthly budget.