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Yearly Budget

Meaning

A yearly budget is a financial plan that shows how much money you expect to  earn and how much you plan to spend in one year.


Example :

For instance, if you plan to earn ₹6,00,000 in a year and expect to spend  ₹4,80,000, that plan is your yearly budget.


How to Understand : 

Think of it as a roadmap for your money—it helps you decide how to use your income  over 12 months.


Importance :

A yearly budget helps you control your spending.
It prevents overspending and reduces financial stress.
A budget supports your saving goals, helping you set aside money for the future.
It helps you keep track of your income and expenses throughout the year.

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