Budgeting is how a business plans for future production cycles. An initial budget - known as a "static" budget - is a necessary planning tool; creating a second, flexible budget allows a business to ...

A flexible budget is one that is allowed to adjust based on a change in the assumptions used to create the budget during management's planning process. A static budget, on the other hand, remains the ...

If you want to get a better handle on managing your money, creating a budget should be the first step. You have choices in the type of budget you want to create. Fixed budgets and flexible budgets are ...

Performance reports comparing your budget to the reality of income and expenses are an everyday part of business. Static budgets and reports that assume set figures for everything aren't as useful for ...

Jonas Elmerraji is editor of the Rhino Stock Report, a GARP investment newsletter. He launched the "Young Investor" category for Investopedia. Suzanne is a content marketer, writer, and fact-checker.

Think budgeting is all about strict rules and saying “no” all the time to the things and experiences you love? It doesn’t ...

A flexible budget is one that is allowed to adjust based on a change in the assumptions used to create the budget during management's planning process. A static budget, on the other hand, remains the ...