What is a budget? Describe the four-step process of figuring out your monthly budget.

A budget is the value obtained from subtracting your monthly expenses from your monthly income.
B. A budget keeps track of how much money you are spending on your credit cards and any interest you are being charged and helps to determine how much interest you can afford to pay.
C. A budget keeps track of how much money you have coming in and how much you have going out and helps to determine what adjustments need to be made.
D. A budget is a list of your monthly income, including wages, bank interest, and any other income such as once-per-year payments.