The budget is a systematic plan of work prepared and expressed in monetary units. Normally budgeting based on past experience and appraiser-estimated in the future, then this can be a work guidelines for each section within the company to run its activities.
The main purpose of the budget is for external monitoring, which is to limit the overall resources available to an agency and to prevent expenditures for things or activities that are not justified by law.

Benefits Budget:

According to Marconi and Siegel (1983) in Hehanusa (2003, p.406-407) the benefits of the budget are:
1. The budget is the result of the planning process, it means that the budget represents an agreement negotiated between the dominant participants in an organization on the purpose of activities in the future.
2. The budget is an illustration of the priority allocation of resources because it can act as a blueprint for corporate activity.
3. The budget is an internal communication tool that connects the department (division) is one with a department (division) others in the organization as well as with top management.
4. The budget provides information about the actual activities compared to the standards set.
5. Budget as a tool of control that leads management to determine the organization’s strong and weak, this will be directing the management to determine corrective actions to be taken.
6. Budget to influence and motivate managers and employees to work with a consistent, effective and efficient in conditions of fitness for purpose of corporate goals with employee goals.

• As you review your budget and your net worth, you might decide to save more money.
• Save it sometimes seems difficult, but doable if you have a plan. Many people do not have a formal savings plan, and without one, the chances of saving enough money to cum plir the long-term financial goals or achieve financial security are very slim.
• Instead of waiting until you have “extra” money to save, create a savings plan. Having a budget will help generate the money to save.
• Cost to set goals, most people find they can save regularly than you think.

At first, the amount saved is less important than the fact of saving regularly.

• If the amount you decide to save each week or each month is seen as an obligation, as a payment of a debt, the idea of ??”pay yourself first” can become a serious commitment.
• Start with an amount you are sure you can save, to develop a sense of accomplishment rather than frustration.

SAVING TIPS

• Distinguish between wants and needs. The needs are items that are needed to sustain such as shelter, food, clothing, and transportation. Cravings are things that make it stand, or possibly improve our family life. The shoes are a necessity, but new shoes every month is a craving.
• Look savings goals realistic, achievable. Experts suggest that less than 10 percent of their income. It is a good goal, but do not give up if you can not save that much. Establish a savings habit and save consistently is better than saving a big sum just once. Start with an amount you know you can save so consistent.
• Establish a separate savings account using automatic deposit. If you mix your savings with your regular checking account, certainly will draw money from their savings and will never replace them. If possible, have your employer or your spouse’s employer to deduct a fixed amount from your paycheck each pay period and deposit it automatically into your savings account.
• Reduce reliance on debt. Reduce the debt is an effective way to free up more money to save. When you decrease the reliance on debt, will probably start to buy less, and your total debt will start to become smaller.
• Write down your savings goals. This can have a powerful impact on changing their behavior. It makes your goals more real and concrete. Write down your goals for the short, medium and long term, along with the amount of time you have planned to achieve them. Make sure the goals are achievable and realistic, and review them regularly.
• Develop a budget that includes savings. Include monthly savings on your budget. If no budget savings probably will not save. Establish emergency savings as well as short-and long-term.

People are always trying to save money, especially if economic conditions are deteriorating. Whatever your reason for saving, you will find various tips and tricks that you can apply. Saving money is actually not difficult, and you just need a little creative to learn whatever ways you can apply for saving.

There are many ways you can do to save money. Although seemingly only a few ways you can make a little money set aside, but when you continue to do so, then in the end you will see how much money you save. You need to remember, that saving is not only set aside money. Saving money is something that you encounter in your everyday life. Saving money is how you live and how you choose the possibilities that exist in life.

Have you ever heard the expression, “Rome wasn’t built in a day”?

Yes, the city of Rome was not completed in a single day, and so will your bank account.

Believe in yourself that it is never too late to save, regardless of your current age. Arrange your mind, and believe that now is the time to start building the future.

It has a habit of saving is obviously very useful for our future. Saving money is saving some money to be used at a later date if necessary. More and more money to save the better. There is a saying that says “saving the base of the rich”, this means if we diligently save lots of money and the simple life is not excessive then eventually we will be able to enjoy a happy outcome.

Do not forget that saving money is finite. Pay tax liability and your alms before saving as well as practice some of the money we are to worship for a happier future in the next life.

Familiarize yourself from the small saving will be able to establish the nature of saving, thinking far ahead, not selfish, impatient, and so forth. Therefore if we have children then educate our children to become savers accomplished. But avoid excessive saving or concerns on the perception of future needs that we do not become negative for those who have a stingy or miserly nature.

Start saving immediately

Saving is the simplest and most accessible way to your future financial stability. Try at least 10% of your monthly income to spare, and not to touch this money. Consider your savings account as a personal insurance. Should something happen, you can be confident that nothing is wrong because you have a good reserve.

Aim to save enough to survive at least 6 months. This gives you a big buffer you both tremendous self confidence and inner tranquility.

Three pillars of good financial management

For yourself and your family financially healthy to keep you consider the following three pillars of personal finance:

Save – Put at least 10% of monthly income in a savings account and treat it with as much respect as paying your rent or mortgage. Also read “Pay yourself first, then your accounts.
Investment – When you’re ready, start investing. Let every euro works by wisely investing in shares, mutual funds, real estate, bonds or companies. Let your obviously well informed and only starts to invest if you know what your doing.
Insurance – Cover your risks off by insurance against things that can cost you too much money.
Financial independence is reached only when you build your character as a strong fortress. If something is not directly affected the system in situ. You have enough back-up measures to protect your financial future.