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Name: ___ Class: ___ Date: ___Habit Tracker Directions: Choose three specific habits that you would like to form. These should be specific, achievable goals. Fill them in the Habit column. Keep track

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What is a budget?

A budget is a financial plan that outlines expected revenues and expenditures over a specific period, typically used to allocate resources effectively.

Who is required to file a budget?

Generally, individuals and organizations managing finances, such as businesses, government entities, and non-profits, are required to file a budget.

How to fill out a budget?

To fill out a budget, list all sources of income, categorize all expenses, estimate amounts, and ensure total income covers Total expenses while considering savings or surpluses.

What is the purpose of a budget?

The purpose of a budget is to provide a financial framework that helps individuals and organizations plan their spending, manage resources, and track performance against financial goals.

What information must be reported on a budget?

A budget must report anticipated income, detailed expense categories, actual expenditures, and any planned savings or investments.

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