Budget (financial document)

A budget is a detailed financial plan that outlines expected income and expenses over a specific period. It helps individuals, organizations, or governments manage their money by allocating funds to different categories such as savings, bills, or projects. By tracking actual spending against the budget, it’s possible to control finances, avoid overspending, and set financial goals. Essentially, a budget acts as a roadmap for your finances, guiding how money is earned, spent, and saved to maintain financial stability and achieve objectives.