If you want to get a better handle on managing your money, creating a budget should be the first step. You have choices in the type of budget you want to create. Fixed budgets and flexible budgets are ...

Budgeting is how a business plans for future production cycles. An initial budget - known as a "static" budget - is a necessary planning tool; creating a second, flexible budget allows a business to ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A static budget remains unchanged regardless of fluctuations in sales or production volumes.

You don't have to be an accounting whiz to grasp the appeal of a flexible budget. Large and complex businesses gravitate to this type of spending plan because it calculates different levels of ...

Think budgeting is all about strict rules and saying “no” all the time to the things and experiences you love? It doesn’t have to be. A flexible budget could suit your personality and lifestyle more.

Jonas Elmerraji is editor of the Rhino Stock Report, a GARP investment newsletter. He launched the "Young Investor" category for Investopedia. Suzanne is a content marketer, writer, and fact-checker.