The process by which a plan is created to chalk out a document of how to do your spending of income is called budgeting. This creation of the budget plan helps the users to determine in advance whether or not you have the money to do the things that are needed by you. It helps you prioritize between your needs and wants. If your spending is expected to overcome your income then you need to classify which of the expenses are real important and cannot be forgone for other things. Those things and activities that are unnecessary and useful can be let go or brought to the end of the list. This way the user is able to manage his or her finances in a better and convenient way. He will not need to get into financial debt or any sort of crisis situation.
Budgeting can be used for both individual and organizational purposes. It helps balancing of your expenses with your earnings. If you are unable to maintain a balance between your income and expenses then you get into financial problems due to overspending.
Holiday shopping budget template is also a very simple budget that is used to estimate the amount of money you need to go for holiday shopping. This document called the holiday shopping budget template can be used whenever you plan to go for shopping. It will help assess your financial needs for that specific time period and for that purpose.
MS Excel Holiday Shopping Budget Template: Download