Question: what is the difference between a fancy parakeet and a regular parakeet?
Answer: The truth is that parakeets and budgies are actually one and the same. The birds that we commonly call "parakeets" in the United States are known as budgerigars or budgies to the rest of the world. ... This scientific name in Latin is the same given to the parakeet. So they are, in fact, the same species.