Budget information is used to communicate responsibilities to individuals who are accountable for a particular segment of the organization. Performance measures are also carefully selected to motivate individuals or teams to achieve targeted goals. The executing stage During this stage of the budgeting process, you will use budget information for commmunication, benchmarking and problem recognition. The extra you save could be used to buy another video or or towards something that you really need, or want. 6. ASK FOR DEBT RESTRUCTURE OR AVAIL OF AMNESTY PROGRAM Take advantage of the amnesty program that banks and credit card companies offer. Most especially for the credit card companies, they offer payment of principal amount less the padded interest. But the funny thing with this is that these same people who criticize budgeting and planning fail to take a look at retirees who splurge themselves during their fruitful years. Have they wondered what became of these retirees after years of no budgeting and planning? Are they blissfully spending their retirement at the Bahamas or at the fine, white sand beaches of Boracay? If it's your intimate relationship that is suffering from your money woes, you are not alone. Even perfectly matched and compatible couples can be driven mad by their partners' spending habits. Talk to your doctor about a marriage counselor who can guide you and your partner through this challenge. Eliminate debt. Home payments and maintenance, utilities, auto maintenance and payments, insurance payments, child care and alimony, education, food, clothing, entertainment and travel are just few of the many things you spend your money on regularly. In today's expensive living, budgeting should be practiced to give you power to rapidly gain control over your complicated spending. There are new ways to help you do your household budget: you can download worksheets from the internet or you can conveniently make one for yourself. You can start your household budgeting by making a layout of your expenditures and income by month for the past year. This will give you the idea of the amount and timing of your cash flow on a monthly basis.