Budgeting

A flexible expense is an expense that can be changed or adjusted, depending on the needs of the individual or family. This type of expense is often used in budgeting, as it allows for some flexibility in spending. Flexible expenses can include items such as food, clothing, and entertainment. How do you categorize a budget … Read more

A performance budget is a type of budgeting that focuses on allocating resources based on the results that are expected to be achieved. This approach is often used in government and public sector organizations, as well as in businesses that are seeking to improve their performance. The key benefit of performance budgeting is that it … Read more