How to manage a budget?

Budgeting only has one rule: don’t go over budget. In order to manage budgets effectively and efficiently, it is necessary to:

* Monitor, control, and record all the finances. This includes both income and expenditure.

* Know how to minimise costs in the areas that you are responsible for.

* Be able to investigate or identify problematic areas and fix them.

* Efficiently and diligently manage and authorise expenditures.