Advertising is so powerful these days that you may think of luxuriuos items as "needs" when in fact you dont actually need them. These deceiving commercials on TV greatly influence your purchasing and personal finance budgeting behavior. It is your job to make a wise decision whether each new product is something that you really need and cannot live without. There are new ways to help you do your household budget: you can download worksheets from the internet or you can conveniently make one for yourself. You can start your household budgeting by making a layout of your expenditures and income by month for the past year. This will give you the idea of the amount and timing of your cash flow on a monthly basis. PERCENTAGE Thirty percent (30%) of the wedding budget goes to food and venue, twenty-five percent (25%) of the wedding budget goes to the photographer and twenty-five percent (25%) of the wedding budget goes to the dress. Stick to this wedding budgeting tactic. No ifs no buts. Don't overspend on souvenir or invitation. Once you have created your budget, you will know if you are spending wisely or not and you may be able to find ways to invest at least enough money in a good mutual fund. Another way to find out where your money goes is to collect all your receipts and credit card bills from the past few months. In this way you will keep track of your spending and think twice next time on purchasing on an impulse. If you ask different people about budgets, most likely you will get different answers. To homemakers, a budget is an essential factor to keep the financial equilibrium of the entire household. To staff members, budgets get in the way of proposed activities. To finance committees, budgets hold staff members accountable. 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.