Budgeting, quite simply, is the act of spending your money efficiently. The importance of budgeting cannot be overemphasized, and whether you’re looking at your individual finances or running a ...

When calculating cost of production, some figures are “easier to find,” while others are “harder to calculate.” Variable ...

Learn about general and administrative expenses, which aren't tied to production, including rent, utilities, audit, and legal fees. Discover how to manage these fixed costs.

Determining your fixed and variable expenses is paramount to effectively building a budget. But while accounting for necessary costs is a simple and straightforward task, including discretionary ...

The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...

Remembering finance definitions can feel like a struggle, especially when you’re not familiar with them. But according to experts, they shouldn’t stand in the way of you creating the best budget you ...

If you’ve ever tried to get your finances under control, then you’ve almost certainly tried to make a budget. And while you know that budgeting is a great way to control your spending, it’s often ...

When creating a budget for your small business, you are attempting to plan how much money you’ll need to make in order to cover your costs -- and then some. But how do you plan when some of your ...

A well-crafted budget can help transform your financial life. It is a personalized roadmap that ensures every dollar is used to fuel your most important goals. This article discusses five budgeting ...

As you work to create a budget, it’s important to understand how fixed and variable expenses will impact your bottom line. David McMillin writes about credit cards, mortgages, banking, taxes and ...

I'm a freelance financial journalist and a regular contributor to U.S. News and CreditCards.com. I've written for Life + Money by Citi, Bankrate and The Balance, among others. You can find me on ...