What does 'Budgeting' mean?

Budgeting is a crucial aspect of financial management, and it involves the process of planning, organizing, and controlling financial resources in order to achieve financial goals. This involves setting financial targets, estimating income and expenses, and assigning a specific amount of money to different categories or departments. The purpose of budgeting is to enable individuals or organizations to make informed decisions regarding their finances, ensure proper utilization of resources, and track the progress towards their financial objectives. Budgeting software is a vital tool that simplifies