Anything beyond five years generally is impractical because of the possible change in economy in that time span. There are many benefits of business budgeting. Developing a budget for your business on an annual basis allows you to review the business' overall operations. Budgeting also permits you to identify those factors that are key to the success of the organization. PERCENTAGE Thirty percent (30%) of the wedding budget goes to food and venue, twenty-five percent (25%) of the wedding budget goes to the photographer and twenty-five percent (25%) of the wedding budget goes to the dress. Stick to this wedding budgeting tactic. No ifs no buts. Don't overspend on souvenir or invitation. These tools for flexible budgeting have been available for years but mostly have been used in other non-service and manufacturing industries. 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. Don't leave the lights on when no one is using it. Use both sides of papers. These simple things keep the expenditures down. Budgeting money also helps keep the planet clean and green. Coupons and sales are helpful in budgeting money. Read the weekly ads from your local stores and spot sales. Non-perishable items on sale can be bought in bulk and stored in your cupboard. 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? This type of retirees relies solely on their social security pension and, worse, if they weren't an active contributor to the social security system, will have to submit their fates to homes for the aged. Who knows, the neighbors may be up to their eyes in debt in no time. Seek advice. An outside opinion can help. 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.