Budgeting

January 29, 2024 | Guide to Getting on a Budget (Money Geek)

January 21, 2022 | 30 Creative Ways to Save Money Right Now! (Clever Girl Finance)

March 2021 | Budget (Investopedia)

Napkin Finance

• STICKING TO A BUDGET

  • • Fixed vs. Variable Costs

• SAVINGS

  • • Banks

    • How to Save More Money

      • Certificate of Deposit

    • Saving for College

• Magic Money: Help Enzo manage his budget, reach his savings goal, and make it to Vegas.

• SPENT: Living paycheck to paycheck is stressful. Can you make it through the month?

Lifestyle Calculator
Forming a budget is one of the most important parts of financial success. As you first enter the workforce, or even if you switch jobs, knowing how much money you will have available to spend on different aspects of your life will help you avoid debt and possibly even save some money for a rainy day.

Living Wage Calculator
Families and individuals working in low-wage jobs make insufficient income to meet minimum standards given the local cost of living.This living wage calculator estimates the cost of living in your community or region based on typical expenses.

Budget Calculator
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Cost of Living Calculator
Compare the cost of living in your current location to the cost of living in a new location.

Making Ends Meet
How Much Does It Cost to Support a Family in California?

May 9, 2022 | Money 2.0: Why We Bust Our Budgets (Hidden Brain)

Budget – A formal written statement of management’s plans for a specified future time period, expressed in financial terms.

Static budget – A projection of budget data at one level of activity.

Participative budgeting – A budgetary approach that starts with input from lower-level managers and works upward so that managers at all levels participate.

Flexible budget – A projection of budget data for various levels of activity.

Master budget – A set of interrelated budgets that constitutes a plan of action for a specific time period.

Financial budgets – Individual budgets that focus primarily on the cash resources needed to fund expected operations and planned capital expenditures.

Operating budgets – Individual budgets that result in a budgeted income statement.

Budgeted income statement – An estimate of the expected profitability of operations for the budget period.

Sales budget – An estimate of expected sales revenue for the budget period.

Merchandise purchases budget – The estimated cost of goods to be purchased by a merchandiser to meet expected sales.

Production budget – A projection of the units that must be produced to meet anticipated sales.

Direct materials budget – An estimate of the quantity and cost of direct materials to be purchased.

Direct labor budget – A projection of the quantity and cost of direct labor necessary to meet production requirements.

Manufacturing overhead budget – An estimate of expected manufacturing overhead costs for the budget period.

Selling and administrative expense budget – A projection of anticipated selling and administrative expenses for the budget period.

Budgeted balance sheet – A projection of financial position at the end of the budget period.

Cash budget – A projection of anticipated cash flows.

Sales forecast – The projection of potential sales for the industry and the company’s expected share of such sales.

Budget committee – A group responsible for coordinating the preparation of the budget.

Budgetary control – The use of budgets to control operations.

Budgetary slack – The amount by which a manager intentionally underestimates budgeted revenues or overestimates budgeted expenses in order to make it easier to achieve budgetary goals.

Long-range planning – A formalized process of selecting strategies to achieve long-term goals and developing policies and plans to implement the strategies.