This description outlines the steps necessary to create and maintain an effective budget. It covers topics such as setting financial goals, tracking income and expenses, and creating a budget plan. It also provides tips on how to stick to the budget and make adjustments as needed. Finally, it provides resources for further
A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic plans of activities in measurable terms.