Final answer:
A budget is a detailed financial plan that includes income, saving, investing, and expenses for a specific period, crucial for managing finances effectively.
Explanation:
A Budget - Your Financial Plan For Getting There
Budget is a specific financial plan that includes income, saving and investing, and expenses for a specified time period.
Tracking expenses is crucial to estimate a budget for future spending. Creating and sticking to a budget helps ensure you can cover your expenses each month.
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