Greetings, Bookkeeping Centrum Family, to your favorite weekly financial podcast. 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. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money. So, as in every new episode, we will explain to you whatever you need to know for understanding this concept. Now. Check it out!