What is a Budget?

A budget is an estimate of income and expenses for a specific period of time in the future that can be used for personal, business or other purposes. Ideally, you have a “surplus” budget with extra income after all expenses and not a “deficit” budget where your expenses exceed your income. 


See Also:

Your DIY Financial Planning Guide

10 Questions to Ask a Financial Advisor

Plan to Retire Someday? You’ll Want One of These

Ask An Advisor: Is it Too Late to Start Saving?

Ask An Advisor: Help! I’m Running Out of Money

The Save-to-Spend Budget

8 Budget Destinations That Don’t Feel That Way 

5-Minute Quiz: Your Best Budget 

The Basics of Budgeting

A Budgeting Solution to Keep You Sane

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