A Comprehensive Guide to Budgeting Models: Types, Pros, Cons, and Applications
This article provides an in-depth overview of nine key budgeting models—including Incremental, Zero-Based, Flexible, Activity-Based, and Rolling budgets—detailing how each works, its advantages and limitations, and ideal use cases. A comparison chart helps readers identify the best model for their organizational needs, financial goals, and operational environment, making it a practical resource for effective financial planning and resource allocation.