Definition: The amount of money or resources earmarked for a particular institution, activity or time-frame.
Alright class, settle down now, letâs talk about budgets, how! Itâs a really important word, you see, To help us plan financially, happily! That dictionary definition, it's quite clear, Letâs break it down, banish all fear. âEarmarkedâ means set aside with care, A specific amount, beyond compare. Think of a school trip, a grand delight, We need a budget, shining bright! Or maybe a project, big and bold, A budgetâs the story to be told â Of how much money we'll spend with grace, To reach our goal in this time and space. It's for an institution â like a school or store, For an activity - wanting something more! And also a timeframe, you understand? Like a month, a year, across the land! So a budget is simply this, itâs true: A plan of how we'll spend whatâs due. Does that make sense to you all today? Any questions? Donât be shy, they say!