Americans spend the largest portion of their budget on housing.
A budget is a calculated plan, usually but not always financial, for a specific time period, usually a year or a month.
A budget is an estimate of revenue and expenses for a given period of time that is usually created and re-evaluated on a regular basis. Budgets can be created for an individual, a group of individuals, a company, a government, or almost anything else that generates and spends money.
A government's budget is a summary or plan of the government's anticipated resources (often but not always from taxes) and expenditures. The operational or current budget, the capital or investment budget, and the cash or cash flow budget are the three forms of government budgets.
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