Answer to Question #270104 in Finance for Princess

Question

What is a budget?

Answer 1

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 year. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money.