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Budgeting: Knowing how much money you have and how to allocate it.

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something that helps families decide how to spend their money

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A plan for how you will balance your income, your expenses, and your savings. It provides a way to balance how much you make, how much you spend, and how much you save.

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the money I plan to spend in the future

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Spending plan that accounts for income vs losses to calculate profit over a set reoccurring period of time

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a strategic plan for spending your money in the different domains in your life. It should be followed strictly and each point should have a monthly amount built in, and should be followed

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a way to divide out your money into categories of what you spend or need to spend in order to make sure you don't over spend, or to help you save money.

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how you spend your money

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How much money you have

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a fraction of the amount of money you make set aside for specific expenses

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Setting aside certain amounts of money for certain costs/needs in your life

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Plan for amount of money one can spend to stay within financial limits.

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The amount of money can spend

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How much money you make and how much money you need for expenses

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a plan of monthly costs in different categories