A budget is a financial plan that estimates income and expenses over a period of time, like a month or year

. It is used by individuals, families, companies, and governments

. Budgets help to manage money, set financial priorities, and evaluate progress toward objectives

. A budget shows how much money you make and how you spend it, which allows you to make informed financial decisions

. Keeping to a budget can help you save, pay off debts, and avoid overspending

. Creating a budget involves listing income, bills, and other expenses to determine how much money you make and spend monthly