I had a love-hate relationship with my finance professor. I hated finance, told my professor I hated it, and he loved me for some reason. Go figure. But I worked my ass off and managed a B, which is a big deal for an art student in a math class.
Anyway, the class showed me the importance of budgeting and understanding cash movement within a company through understanding the numbers. Until I started anally recording all of my expenses and earnings, I didn't realize how reckless I was being with my spending. Budgeting your company can really benefit your overall cash, and can be really helpful when tax time rolls around.
Just try it for one month, and see how helpful it is. It might be a pain at first, but it's SO worth it and gets easier, I promise :)
There's a great budget excel sheet that's free for download here: http://www.vertex42.com/ExcelTemplates/personal-monthly-budget.html
Screenshot!:
Now I can make Income Statements and Balance Sheets like its my job. And I'm super proud of my cash flow statements, as well.
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