Budgeting and finance

Budgeting and finance involve planning and managing money to ensure resources are used effectively. Budgeting is the process of setting financial goals, estimating income, and allocating expenses to cover needs and priorities, helping avoid overspending. Finance encompasses broader activities like saving, investing, and borrowing, aimed at maintaining financial health, growing wealth, and meeting future commitments. Together, they enable individuals and organizations to make informed decisions, control cash flow, and achieve financial stability and goals.