Being a good example to them and budgeting money wisely, if the best way you can teach them. Passing on good financial habits to them is one of the best gifts you can give your children that will make them responsible and successful in the future. Budgeting money is for everyone. Regardless of age, size, weight or height, and status in life. By that, there is no suggestion that you buy those cheap imitations. There are plenty of nice clothes that are not branded and sold at a low price. By that, also, there is no suggestion that you should not purchase items from Victoria s Secret, Tommy Hilfiger, and the like. But you must admit that paying a hundred dollars for a pear of underwear is very impractical. More specifically, activity based budgeting is a technique for enhancing the accuracy of financial forecasts and increasing management understanding. When automated, activity based budgeting can rapidly and accurately produce financial plans and models based on varying levels of volume assumptions. Activity based budgeting also can eliminate much of the tedious work in traditional budgeting. What are the benefits of using a budgeting tool? A budgeting tool is a well-managed guideline of everything about your finances. You can find everything you expect in a budgeting tool including retirement planning, estate planning, capital needs analysis, budgeting, what-if scenarios, disability needs analysis, education needs analysis, cash flow and tax planning, balance sheets, among others. The key is to (1) find the persons who could offer the services you are looking for in the least amount there is in the market and (2) learn to apportion your money properly, or in other words, learn to budget. The first one is easy. All you have to do is scout, scout, scout: in the internet, thrift shops and local markets. For those who don t have training or a background in finances, you may be at a disadvantage as you sit around the management table without any knowledge in budgeting process. Budgeting is the process of identifying, gathering, summarizing and communicating financial and non-financial information about your future activities.