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. The same goes for keeping a budget because it is very easy to eat something unconsciously as spending money unconsciously as well. Financial planners say people are often surprised to see where their money is really going each month. Most people are lucky to have anything left over at the end of the month after all the bills are paid. 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. Mistakes are far less costly when made on a piece of paper than with actual money. The process and mechanics of business budgeting vary by organization. Generally, budgeting consists of the following three phases. Each stage can provide valuable insights into your business. 1. Research In this phase, you evaluate your revenue position, understand your business' cost structure and research on your competitors' businesses. It is your job to make a wise decision whether each new product is something that you really need and cannot live without. Some things may make life easier and add up to the quality of life you are living, but it is more important to know whether you can truly afford them or not. After learning between needs and wants put what you have learned into practice. Twenty-five percent of your wedding budget must go to photography. After the sumptuous meals had been munched down, after the drinks had been gulped down, and after the dress had been worn and laundered, the only thing that will make the couple and the guests happy after all the partying have died down are the photos.