Budgets

• A budget is a list showing the money you expect to earn

  and the expenses you expect to have to cover within a

  specific period.
• A budget should show the income and expenditure expected
• A personal budget is a budget drawn up of your own

  personal income and expenses.
• A business budget is a budget drawn up to reflect the

  expected sales (income) of the business, and all the

  expenses expected to be made to generate that income

  over the same period.