Budgets are categorized to help you track them better In expenses
What are budgets
Budgets are detailed financial plans that outline expected income and expenses over a specific period. They serve as essential tools for individuals, businesses, or governments to manage their finances efficiently.
Budgets typically encompass various categories like income sources, expenditures (such as housing, food, transportation, etc.), savings, and investments. They provide a framework for allocating funds, setting financial goals, and tracking actual spending against the planned amounts.
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