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A budget refers to an estimation of revenue and expenses that's made for a specified future period of time. Budgeting usually occurs on an ongoing basis, with...
A budget is a spending plan based on income and expenses. In other words, it’s an estimate of how much money you’ll make and spend over a certain period of time, such as a month or...
A budget is a written plan that outlines how you’ll spend your money each month. Both individuals and businesses use budgets to manage their cash flow and reach their goals. A budget is important because it shows you how much money you make each month and how you’re spending that money.
Budgeting Explained. Budgeting is done by individuals, families, groups, companies, and the government—to plan, monitor, and control finances. It is everywhere; homemakers use it to manage their monthly expenses and savings; the government relies on it to run the nation.
Budget: Definition. A budget is a detailed plan showing the financial consequences of an organization’s operating activities for a specific future period. A budget acts as a financial model that summarizes future operations.
Budgeting is the process of tracking income and expenses and deciding how to use your money wisely. Browse Investopedia’s expert-written library to learn more.
A budget is an estimation of future income & expenses. Learn about the types of budgets, how to create one, & the items included in a business budget.
: the amount of money that is available for, required for, or assigned to a particular purpose. a weekly budget for a family of five. a budget of less than $3000. budgetary. ˈbə-jə-ˌter-ē. -ˌte-rē. adjective.
What is Budgeting? Budgeting is the tactical implementation of a business plan. To achieve the goals in a business’s strategic plan, we need a detailed descriptive roadmap of the business plan that sets measures and indicators of performance. We can then make changes along the way to ensure that we arrive at the desired goals.
the process of calculating how much money you must earn or save during a particular period of time, and of planning how you will spend it: It's important to teach kids about budgeting. budgeting advice. See also. zero-based budgeting.