Definition: The amount of money or resources earmarked for a particular institution, activity or time-frame.

Alright class, settle down now, let’s talk about budgets, how! It’s a really important word, you see, To help us plan financially, happily! That dictionary definition, it's quite clear, Let’s break it down, banish all fear. “Earmarked” means set aside with care, A specific amount, beyond compare. Think of a school trip, a grand delight, We need a budget, shining bright! Or maybe a project, big and bold, A budget’s the story to be told – Of how much money we'll spend with grace, To reach our goal in this time and space. It's for an institution – like a school or store, For an activity - wanting something more! And also a timeframe, you understand? Like a month, a year, across the land! So a budget is simply this, it’s true: A plan of how we'll spend what’s due. Does that make sense to you all today? Any questions? Don’t be shy, they say!