Bạn có bao giờ tự hỏi tiền của mình đã “đi đâu về đâu” vào cuối mỗi tháng? Hay doanh nghiệp của bạn đang phải đối mặt với tình trạng chi tiêu vượt mức dự kiến? Dù ở quy mô cá nhân hay tổ chức, tình trạng lãng phí và thiếu hụt tài chính thường bắt nguồn từ một nguyên nhân chung: thiếu một kế hoạch chi tiêu rõ ràng. Đây chính là lúc set a budget become the key, the first and most important step to control spending, take control of your finances and build a secure future.
In this article, we will learn comprehensively about set a budget from A-Z, from concepts, common methods, detailed implementation processes to technological solutions that help manage costs effectively according to international standards, helping you achieve your goals. financial goals important to me
1. What is budgeting?
Budgeting is not simply about limiting spending, but about building detailed financial plan, help businesses rational allocation of resources for items such as operations, investments, debt repayments and accruals over a specified period of time (usually monthly, quarterly or yearly).
In a volatile business environment, a good budget is Smart financial management tools, help proactively business cash flow management, reduce waste and make data-driven decisions.
An effective budget should ensure the following elements:
- Have a clear plan: Based on financial analysis, not on emotions.
- Based on real data: Build from net income, actual costs, available cash flow.
- There are specific limits: Set clear spending limits for each department, project or financial category, helping businesses avoid the risk of "overspending".
2. Key Components of the Budgeting Process
To begin set a budget, you need to understand the following three indispensable components:
- Income: This is all the money you or your business earned during the period, including wages, bonuses, business profits, investment income, and other sources.
- Expenses: Is all the money you spend. To manage effectively, expenses should be divided into two categories:
- Fixed expenses: Expenses that remain almost constant from month to month include rent, bank installments, internet bills, and employee salaries.
- Variable expenses: Expenses can vary depending on your needs and habits, such as food, entertainment, shopping, and marketing costs. These are the expenses you can adjust to optimize your budget.
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Savings & Investments: This is the difference between income and expenses, which is set aside for future goals such as creating emergency fund, pension funds, or income-producing investments.
3. The most popular and effective budgeting methods
There is no one method set a budget One that suits everyone. Depending on your circumstances and goals, you can choose one of the following popular methods:
- 50/30/20 Method: A simple and easy to apply rule for individuals. You will allocate 50% of your income to essential needs, 30% to personal desires and the remaining 20% to savings and debt repayment.
- The 6 Jar Rule (T. Harv Eker): Phương pháp này chia thu nhập của bạn vào 6 “lọ” với các chức năng riêng biệt: Chi tiêu cần thiết (55%), Tiết kiệm dài hạn (10%), Quỹ giáo dục (10%), Hưởng thụ (10%), Quỹ tự do tài chính (10%), và Quỹ từ thiện (5%).
- Zero-Based Budgeting: Với phương pháp này, bạn gán cho mọi đồng thu nhập một nhiệm vụ cụ thể, sao cho công thức “Thu nhập – Chi tiêu = 0” luôn được đảm bảo. Mọi khoản chi đều phải được chứng minh sự cần thiết trong mỗi kỳ ngân sách mới, giúp hạn chế tối đa chi phí không cần thiết.
- Activity-Based Budgeting: Often used in businesses, this method allocates costs based on the actual activities that create a product or service, helping managers understand which costs are creating value.
4. Step-by-step guide to budgeting for businesses
- Set goals: Based on the business plan, identify specific financial goals (e.g., increase revenue 20%, reduce operating costs 10%).
- Data collection: Consolidate financial data from previous periods, including Income Statement, Balance Sheet, and Cash Flow Statement.
- Revenue and expense forecast: Ước tính doanh thu dự kiến và tất cả các chi phí liên quan (chi phí bán hàng, marketing, nhân sự, vận hành…).
- Detailed budgeting: Departments build their own budgets based on their goals and plans, then send them to the finance department for synthesis. Master budget.
- Approval and implementation: The master budget is presented to management for approval, then disseminated and applied throughout the enterprise.
- Monitoring and reporting: Regularly compare actual results with established budgets, analyze variances and make timely adjustments.
5. Automate budget management with Bizzi – Optimize efficiency, reduce errors
Budget management is not just a financial task, but a vital factor for the sustainable operation of the business. With Bizzi, businesses can Automate the entire budget process, cost management From data collection, to number validation, to budget approval – it all happens quickly, accurately and transparently.
Whether it's an organizational budget, a department budget, or an IT project, Bizzi helps build data-driven control systems, minimizing manual errors and ensuring decision-making progress. Automation not only saves time but also helps businesses improve capital efficiency, cost optimization, profit right from the root.
6. Conclusion
Set a budget is not a dry task of the finance department, but a vital skill and a strategic management tool. It brings transparency, discipline and ability proactive in financial control, helping you and your business stay on track and achieve greater success.
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