A plan of your future income and expenditure in a given period.

Total income minus total expenditure.

When our expected income is greater than our expected expenditure.

When our expected income is less than our expected expenditure.

Matching our expected income with our expected expenditure.

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Budget

Keywords and concepts for JC

Term	Definition
Budget	A plan of your future income and expenditure in a given period.
Net cash	Total income minus total expenditure.
Budget surplus	When our expected income is greater than our expected expenditure.
Budget deficit	When our expected income is less than our expected expenditure.
Budgeting	Matching our expected income with our expected expenditure.