Budgeting and forecasting establish realistic expectations and goals for management to guide the organization forward. Budgeting and forecasting scenarios can be integrated into your financial reports and extend their use for future cash flow projection, variance reporting, and return on investment. If an organization's sales volume is projected to increase significantly over a period of time, first and foremost it must be able to make a good budgeting and forecasting. You can simply begin to put some of your savings toward the goals you really want to achieve some time in the future. Such plans may include a family vacation to Disney World or the construction of a new deck for the house. Once you figure out where all your money is going, you can make sure that you are not wasting. Examples of these would be clothes and tax payments. You can leave your budget for an hour or so and come back to your checking, this way you can see things that you may have missed for the first time. A budget should not solely be concentrated on expenditures alone. In your home budgeting, include your income as well. There is a need to create a budget to greatly enhance your chances of success by helping you estimate future needs and plan profits, spending and overall cash flow. A business budget allows you to perceive problems before they occur and alter your plans to prevent those problems. In business, budgets help you determine how much money you have at present and how you will use it, and help you decide whether you have enough savings to reach your financial objectives. 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. Read the weekly ads from your local stores and spot sales. Non-perishable items on sale can be bought in bulk and stored in your cupboard. For students: It will help you in budgeting money if you can get a job. A job does not only involve earning more money for you to spend outside of the money your parents send you, but it can help you boost your career potentials when you graduate from college.