B
General
Budget
A financial plan that estimates your income and expenses over a specific period, usually monthly. A budget helps you track where your money goes, prioritise spending, and ensure you can cover essentials like rent, food, and debt repayments before discretionary spending.
Usage Examples
"I created a monthly budget using the 50/30/20 rule — 50% for needs, 30% for wants, and 20% for savings."
"Sticking to a budget helped me save R5,000 in three months toward my emergency fund."
"Before applying for a loan, review your budget to make sure you can afford the monthly repayments."