Definition Of Family Budget
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What Is A Budget By Definition The Word Budget Means An Estimate Of Income And Expenditures For A Set Period Of Time Or Si Budgeting Personal Finance Finance
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Types of family budget.
Definition of family budget. It shows the distribution of the family income over the various items of expenditure. This is a good budget. How to use budget in a sentence. In this budget the income is more than the expenditure.
A family budget is a statement which shows how family income is spent on various items of expenditure on necessaries comforts luxuries and other cultural wants. Budget definition is a usually leather pouch wallet or pack. A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re evaluated on a periodic basis. Budget can be of three types.
When the expenditure exceeds income it is known as deficit budget. The family is able to save more in this budget.
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