A budget is a plan for how to earn, save, and spend money over a certain period of time. It helps people and organizations make sure they do not use more money than they have.
From Old French “bougette,” meaning “small bag or pouch,” a diminutive of “bouge,” “leather bag.” Originally, it referred to the finance minister’s bag of documents; over time, it came to mean the financial plan itself.
A budget used to be the literal bag that held important money papers. The idea quietly flipped: now the “bag” is invisible, and the plan inside it is all we see.
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