The similarity in the two is that the budget limits an amount of money given to prevent debt and an increase in taxes. The difference is that the personal budget is for your own use as in if you went to buy a car with a budget of $250k, a national budgets is more for the military/federal jobs.
Two sentences to describe one similarity and one difference between personal and national budgets;
Similarity
Differences
Budget is an estimation that is made on income and money spent.
The budget is a future projection that is done over a specified period of time and it can be re-evaluated over a period of time.
Therefore, both individual and government makes budget and national budget is usually very huge and personal budget is not as huge as national budget.
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