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/ˈpæk.ɪdʒ/
Budgeting is the process of planning and creating a detailed scheme on how you will spend and/or invest the money you have.
The value of a company, divided into many equal parts owned by the shareholders, or one of the equal parts into which the value of a company is divided:
He sold his equity in the company last year.
What’s the Difference?
Essentially, benefits pay for expenses that an employee would have to cover with their income, such as health insurance, savings for retirement, and transportation costs for commuting to and from work each day.
Perks, on the other hand, are extra rewards or incentives on top of salary and non-wage compensation. They are frequently “experiential” in nature, meaning they provide an experience for an employee but aren’t necessarily a form of compensation (see some specific examples below).
Scheme /skiːm/ - an officially organized plan or system.
/ˈsæl.ɚ.i/
