What is Budget?

A definition of Budget

“A budget is a financial plan that outlines expected income and expenses over a specific period. It helps individuals and organizations manage their finances effectively and allocate resources efficiently.”

Budget in Business Glossary - What is a Budget?

Business Glossary > What is Budget?


Examples of Budget in a Sentence:

The company created a budget to ensure financial stability.

Managing a household budget can help save money.

Our team reviews the budget annually to adjust for changes.

Why is Budget Important in Business?

Understanding budgets is essential for effective financial management. A well-structured budget helps ensure resources are allocated properly, expenses are controlled, and financial goals are achieved.

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Associated Terms

Here are some associated business terms and synonyms for “Budget”:

  • Financial Plan
  • Spending Plan
  • Fiscal Outline

Apple’s Budget Planning

Apple uses detailed budgets to guide its vast financial operations. These budgets help the company allocate resources, manage costs, and invest in innovation while maintaining profitability.

Final Notes on Budget

Budgets are critical for monitoring spending and ensuring financial health. Proper budgeting helps reduce unnecessary costs and aids in achieving financial objectives.


This has been a definition of Budget meaning.

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