Budgeting is narrower in scope than overall financial planning as it is primarily concerned with projecting future income and expenditures over a period of time.

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Budgeting is a specific aspect of financial planning that involves creating a plan for future income and expenses over a certain period of time, usually on a monthly or annual basis. Financial planning, on the other hand, involves a more comprehensive approach to managing one's finances, including setting financial goals, creating investment strategies, managing debt, and planning for retirement.

Budgeting Is Narrower in Scope Than Overall Financial Planning as It