Which term refers to the amount set aside to spend and save?

• A. Income
• B. Budget
• C. Expenses
• D. Tax Revenue

Answer: (B)

A budget is a plan for how you will use your money, deciding in advance how much to spend and how much to save. It organizes your income into portions for living expenses, saving, and other goals, so you can cover essentials while setting aside money for the future. Income is the money you earn, expenses are the costs you pay, and tax revenue is government money collected; none of these describe the intentional plan to set aside money for spending and saving. So the budget is the term that fits the idea of an amount set aside to spend and save.