Smart Spending Essay

The amount that a mother will incur to have her bundle of joy will depend on many different factors. One may take into consideration where you live, whether there are any complications and whether mommy has a vaginal birth or a C-section. But just to take a glimpse inside this world, here are a few figures that may surprise you. For prenatal care and delivery, the cost in some areas can range from about $9,000 to over $250,000 (Alfieri, 2012), which is quite a wide range, if not more. This is without the privilege of having insurance to cover. Even with the privilege of having health insurance, the majority of these expenses could be covered, but that’s not always the case. It

Research shows that it is the most expensive place to have a baby, “The hospital delivery fee costs $9,775 and close to $15,000 for cesarean section,” (Snyder, 2011). There is also evidence of poor infant mortality.

An increase in baby booming makes it tougher for working parents to find daycare. The facts prove that having children come with a true price. Even so it doesn’t change the issues of finding child care or makes them go away. When parents work, quality child care is a necessity. And it does not come cheap. For families with more than one child, child care can eat up one salary, leaving parents wondering both working is worth it. When thinking of child care there are some options to consider like choosing a child care center, the costs of child care centers, and waiting lists.

Anyone who has welcomed a newborn into their family understands the financial burden that follows. Many young couples or single-family parents struggle to survive financially without the added expense of pregnancy and newborn. Hence, after the initial pregnancy

The budget for the city of San Clemente, California, fiscal year 2011 can be found at the following link:

Why should we be the ones to pay for someone to sit around at home? The answer is one simple word, welfare. There are many reasons why people mooch on welfare, rather than going out and working. The only jobs these people are qualified for are minimum wage jobs. As Barbara Ehrenreich, author of Nickel and Dimed, worked at minimum wage paying jobs and reported the hardships that people had to go through on a day-to-day basis. A critic responded by saying, “This is simply the case of an academic who is forced to get a real job…” Ehrenriech’s reasoning for joining the working-class is to report why people who mite be on welfare, continue to stay on welfare. Her reports show there are many hardships

Pregnant mothers are viewed as a business made for doctors and hospitals as insurances typically cover infant birth and hospital bills. As Patricia Burkhardt, Clinical Associate Professor, NYU Midwifery Program could not speak the truth any better, she states, “Hospitals are a business. They want those beds filled and emptied. They don’t want women hanging around the labor room.”

There can also be a huge financial difference between home birthing and hospital birthing. A homebirth, using midwives can cost approximately $2,000 to $3,000. For some midwives, the fee covers all of the pre-birth consultations as well, which can present significant savings. With a homebirth, you generally give birth naturally, so you would not be paying for medicines, nurses, or doctors. If you do not have insurance, a hospital birth- without complications and vaginal- would cost approximately $7,600. That being said, with insurance, most women pay about $1,500 to $2,300 out of pocket. This also depends solely on your actual insurance coverage. With a hospital birth, keep in mind, that you must not only pay for your hospital stay, but also for your practitioner for services the day of the birth as well as everything else leading up to the birth, and everything that the hospital provides for the new arrival.

A company's budget serves as a guideline in planning and committing costs in order to meet tactical and strategic goals. Tactical goals such as providing budgetary costs for daily operations, and strategic objectives that include R&D, production, marketing, and distribution are all part of the budgeting process. Serving as a guideline rather than being set in stone, the budget is a snapshot of manager's "best thinking at the time it is prepared." (Marshall, 2003, p.496) The budget is a method in which to reign-in discretionary spending, and will likely show variances between what costs have been anticipated and what costs are actually incurred.

Personal Budget Exercise – Excel Creating a spreadsheet track personal business expenses is an excellent use of Microsoft Excel. For this exercise, you will create a spreadsheet to enter a personal budget and track actual expenses for the year. You may choose to use real data or create a fictitious budget using a monthly income amount of $2,500. Here are suggested budget categories if you are not using a real budget. At a minimum, you must have 9 budget categories: Housing (mortgage or rent) Utilities Car payment Insurance Student Loans Food Misc. Entertainment Gas Savings

Budget is the major financial and economic statement. The role of the budget is to keep track of the money coming in and the money going out. It is essential part of running any business effectively. It can help make a short and long term projections about financial situation, avert a financial crisis and plan for major financial changes.

Having the father home will help with daycare cost when the mother goes back to work.

Basically, as long as they are getting paid to not work, many people will put off accepting a job.

Personal budgeting is an important factor in regards to successful long term financial stability. Budgeting has many great aspects as well as showing areas of weakness. It can show the truth about your personal financial spending habits, areas that are not looked at enough, and if there are needs for a larger emergency fund. The reality of personal budgeting is that many people potentially do not keep a personal budget for one reason or another. People also don’t consider the negative effect that it could have on one personally and or how it effects the economy.

Budgetary control is part of overall organisation control and is concerned primarily with the control of performance. The use of budgetary control in performance management has of late taken on greater importance especially as a more integrative control mechanism for the organisation. Discuss.