Budgeted amounts refer to the estimated figures that an individual or organization plans to allocate for specific expenses over a certain period. These amounts are typically based on historical data, expected income, and financial goals. By setting budgeted amounts, one can better manage resources and ensure that spending aligns with priorities. In personal finance, budgeted amounts help individuals track their spending on categories like housing, food, and entertainment. For businesses, budgeted amounts are crucial for planning operational costs, investments, and profitability. This structured approach aids in making informed financial decisions and achieving long-term objectives.