Budgeting and financial forecasting are tools that companies use to establish a plan of where management wants to take the company and whether it's heading in the right direction. Although financial forecasting and budgeting are often used together, there are distinct differences between the two.
is an outline of expectations for what a company wants to achieve for a particular period, usually one year. Some of the characteristics of budgeting include: Estimates of revenues and expenses for the year
Expected cash flows
Expected debt reduction
So basicly bugetign is haveing a limite and make smart choise and not frivolous with ure money...and a financial project is make a good disision cuz it will benifit u later in life