👉 Budgeted is a term that refers to the process of allocating resources or funds for specific purposes, typically within a specified period. It involves identifying the necessary and desirable actions and decisions to achieve a desired outcome or objective. In the context of financial planning and management, budgeted means having a clear understanding of what you need, how much you can afford, and when you are likely to receive it. This information is then used to allocate resources and funds towards achieving your goals, whether they be short-term
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