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. For first time investors, use twenty-five percent (25%) of your savings as a start up investment. You don't have to have millions to start investing. If your start up investment is just about $1000, invest it in treasury bills to gain steady returns, or in a time deposit even for five years time only. Consolidating debt into a low-interest loan could be a great solution for you. Or perhaps you just need a structured repayment plan. Maintain a cash cushion. Nothing is more stressful than losing your job or receiving an avalanche of unexpected bills. Maintaining a cash cushion in the bank -- typically enough to live on for at least three months -- can help you sleep easier at night. 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. You can ration your little supply of water efficiently. 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. Budgeting software guarantees timely and accurate data manipulation, analysis and management of the budgeting process. Most budgeting software allows you to customize according to your budgeting needs. Templates are ready to be personalized to allow specific solutions to be developed. Budgeting software offers graphs and charts regarding how you are doing financially that are easy to understand.