In hindsight, it makes sense that at the height of the COVID-19 pandemic Americans hoarded more money than ever. In fact, the U.S. Bureau of Economic Analysis (BEA) reported that... In hindsight, it ...

Forbes contributors publish independent expert analyses and insights. I am the President of Diversified, a CFP and author. When it comes to budgeting, there’s a broad spectrum of how people like to ...

So, you've finally decided to create a budget. But where do you start? The key is to find a budgeting method that actually works for you. Some people love to break out spreadsheets and figure out ...

In the broadest sense, a budget is an allocation of money for some purpose. The word once used to mean “pouch” or “purse”; a budget therefore is “what’s in the pouch.” Budgeting as an activity ranges ...

It's not surprising that so many small- and medium-sized businesses use line-item budgets. They're easy to use and quick to create. You don't need an accounting degree to figure them out. But there ...

A primary responsibility of a small-business owner is to develop plans, or budgets, that formalize a company's operational objectives and express them as financial performance criteria to be met by ...

Every business, whether small or large, needs a way to track its expenses, revenue and profits. “Budgets are really important for both internal and external (reasons),” says Joseph Fahey, director of ...