Budgets and Funding

Budgets and funding are essential for managing financial resources. A budget is a plan that outlines expected income and expenses over a specific period, helping individuals or organizations allocate money effectively. Funding refers to the source of money used to support projects or activities, which can come from various places like government grants, donations, or loans. Together, budgets and funding ensure that resources are available for necessary operations, investments, or goals, leading to better financial stability and decision-making.