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- A budget is a microeconomic concept that shows the trade-off made when one good is exchanged for another1.Budgeting is a personal finance tool that allows you to2:
- Make financial decisions ahead of time
- Cover all your expenses
- Pay off debt
- Save for the future
- Afford fun expenses
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A budget is a microeconomic concept that shows the trade-off made when one good is exchanged for another. In terms of the bottom line—or the end result of this trade-off—a surplus budget means profits are anticipated, a balanced budget means revenues are expected to equal expenses, and a deficit budget means expenses will exceed revenues.www.investopedia.com/terms/b/budget.aspBudgeting is the personal finance tool for taking control of your money. A budget is a written plan for how you will spend your money. It allows you to make financial decisions ahead of time, which makes it easier to cover all your expenses along with paying off debt, saving for the future, and being able to afford fun expenses.www.thebalancemoney.com/personal-finance-budg… Budget Background Images - Free Download on Freepik
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