As early as 1990, some organizations in countries like the USA and Australia implemented this new budgeting program to replace the old and known method of budgeting, the "line item budgeting." Activity based budgeting is a method of budgeting in which activities that incur costs in each function of an organization are established and relationships are defined between activities. Budgeting finances is the key to have that financial control we have all been dreaming of. 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. ASK FOR DEBT RESTRUCTURE OR AVAIL OF AMNESTY PROGRAM Take advantage of the amnesty program that banks and credit card companies offer. Most especially for the credit card companies, they offer payment of principal amount less the padded interest. This will help make budgeting and managing your debt easier. Budgeting is the process of identifying, gathering, summarizing and communicating financial and non-financial information about your future activities. When properly executed, the budgeting process can give assistance with planning, organizing, staffing, leading, and control. The process can help ordinary people to managers to effectively communicate and implement goals and objectives throughout the household or firm. The other necessities, like shelter and clothes, should follow. You do not need to live in a mansion. A place with a roof could be enough but to live more comfortably, you can pay to live in low-cost houses. Living in these houses would not only help you in saving, but it also helps you become more independent. The water you have used in taking a bath can still be used for the cleaning the bathroom or for washing and brushing the dirt off your shoes. The money allotted for transportation should be handled sensibly. As much as possible, you must avoid purchasing very expensive car models. Second-hand cars are enough to take you around the state.