Question

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Answer 1

(What a budget is) A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. (How to make a budget) figure out your after-tax income. If you get a regular pay-check, choose a budgeting plan. Any budget must cover your needs. (How to balance it) Establish you budget before creating a budget review your financial history, separate the necessities from the wants, track your expenses.

Answer 2

Answer:

Budget is the name given for the evaluation or speculative calculation of the cost of a work or service to be provided.

Explanation:

The definition of a budget normally takes into account two main characteristics: the revenue, that is, the amount collected or available, and the expense, which would be the amount to be spent for the completion or maintenance of something. Budgets are present in various aspects of everyday life, from planning for a renovation of the house, to the amounts that will be earmarked for the maintenance of public government services, which directly or indirectly affect the lives of citizens.

Balancing a budget seems easy, but it requires a lot of self-control and discipline. Some strategies for achieving this balance are: do not spend more than what you earn, do not buy anything on impulse, do not borrow, renegotiate your debts and save on expenses that are superfluous.