The savings you get from doing these and other wise spending habits can add up to a fall-back plan should anything bad happens in the future. Home budgeting includes saving for about two to three months worth of expenses. This is for emergency reasons like you unfortunately lose a job or one of the family members become ill. 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. Budgeting also permits you to identify those factors that are key to the success of the organization. Household Budgeting You Can Live With A household budget is nothing more than a simple plan that sets spending and saving goals over a period of time. This will allow monitoring or evaluating on how you are doing in following your household budget. A good household budget is not something that restraints you from spending altogether but it allows you to spend your money wisely. Wedding budgeting is tricky. Wedding budgeting is not all about finding the cheapest supplies. It starts with dividing your money in percentages and putting them in their right places. The Great Three 1. Food and Venue 2. Dress 3. Photography FOOD A large percentage of the wedding budget goes in The Great Three. Keeping ourselves away from temptation is the first step to effective finance budgeting and financial control. 2. ELIMINATE WASTE A new pair of shoes is considered a waste if you still own four workable sets of pumps. Expensive toys that you just display on the dusty corner, the set of paperbacks lined on the bookshelf but left untouched, dining out when you can cook at home, are all waste of money. Budgeting software guarantees timely and accurate data manipulation, analysis and management of the budgeting process. Most budgeting software allows you to customize according to your budgeting needs. Templates are ready to be personalized to allow specific solutions to be developed. Budgeting software offers graphs and charts regarding how you are doing financially that are easy to understand.