Budgeting finances isn't as complex as Differential Calculus or as abstract as Symbolic Logic. Budgeting finances is equal to Common Sense. Below are five simple keys to financial control: 1. CUT THE CREDIT CARDS It is best if you don't use credit cards, or even own one. If you think you're responsible enough to use it in emergency situation, then leave one for those times. You are asked make a justification on the proposed expenses during that time period solely on their rewards. The advantages of zero base budgeting - efficient allocation of resources as it is based on needs and benefits - managers find out cost effective ways to improve operations - detects inflated budgets - useful for service of department where the output is difficult to identify - increases communication and coordination within the company With zero based budgeting, every department function is reviewed thoroughly. Budgets are well-known financial tools. In the creation of this budget entails a multi-step process that involves many people in the household or organization. Non-financial people involved in the procedure normally needs some financial training to help maximize their effectiveness in budgeting. After some period of time, participants become more comfortable with the process and work hard to improve the benefits of having one. Fortunately, you can try a better way to manage your money with budgeting software. Budgeting software is an automated solution nowadays that will help you keep a systemized maintenance of your budget. By using budgeting software, you can track your income and outcome. Credit cards make it easy to spend on impulse but by using a good program, you can reduce your expenditures because you can analyze your financial situation with ease. Activity-based budgeting is simply organized common sense. More specifically, activity based budgeting is a technique for enhancing the accuracy of financial forecasts and increasing management understanding. When automated, activity based budgeting can rapidly and accurately produce financial plans and models based on varying levels of volume assumptions. Study all possibilities of cutting down your expenses. 3. SAVE FOR THE RAINY DAYS Effective debt management budgeting means not forgetting to save. Although you want to settle your debt, you don't want to be penniless when rainy days come, or do you? You don't have to allot every money that you have to pay off a debt.