Budgeting and Forecasting for a Better Future Although development is a goal shared by all organizations, it renders the process of budgeting and forecasting expenses of the company's numerous and complex operations. Budgeting and forecasting establish realistic expectations and goals for management to guide the organization forward. The water you use for taking a bath can still be used for flushing the toilet or for cleaning the floor. These are only few of the budgeting tips that can keep you healthy, at the same time make you resourceful. You should not evade tax. When you have the right amount, pay immediately. You must not mess with the government to avoid having to undergo disciplinary measures. Needs are those things that we cannot live without. Needs are also those that living without would case difficulties and distress. Knowing between needs and wants is essential since your perception will determine whether you spend your money on it or not. Advertising is so powerful these days that you may think of luxuriuos items as "needs" when in fact you dont actually need them. Could you cut down expenses on utility bills or transportation? If yes, how much would it raise to add up to fund the mortgage? Study all possibilities of cutting down your expenses. Take advantage also of the amnesty program that banks and credit card companies offer. Most especially the credit card companies, they offer payment of principal amount less the padded interest. Companies can easily collect, organize, document, tabulate and report on details of the budget. The budget is thereby easily reviewed, negotiated, modified and managed for approval and implementation. Budgeting software simplifies spread sheets so you know exactly how much you have money left to spend. Most often than not, people pay utility bills and buy luxurious items before they a realization that there is no room to save money for other necessary expenses anymore. Zero based budgeting helps in the prevention of this problem. Zero based budgeting is a method of budgeting in which all expenses must be justified in each new period, as opposed to only explaining the amounts requested in excess of the previous period's funding.