👉 Budges, also known as "budgets," are a set of financial plans and strategies that help individuals, businesses, or governments manage their spending on goods, services, and resources. BUDGETS aim to ensure that money is spent efficiently and effectively, minimizing waste and maximizing savings. In simple terms, a budget is like a plan for how you want to spend your money. It helps you decide what to buy first so you don't overspend or use up all your money quickly