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 ...

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 ...

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 ...

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 ...

Fixed expenses (rent, insurance) remain constant monthly, while variable expenses (groceries, utilities) fluctuate. The 50/30/20 rule allocates 50% for needs, 30% for wants and 20% for savings and ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...

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 ...

Being able to survive and thrive as a business owner has as much to do with managing costs as it does with generating revenue. Like the chief financial officer of any company, you have to be concerned ...

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 ...