BUSINESS ADMINISTRATION
OFFICE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To track spending
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To catch thieves
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To limit spending
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To get deals
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Detailed explanation-1: -Having a budget keeps your spending in check and makes sure that your savings are on track for the future. Budgeting can help you set long-term financial goals, keep you from overspending, help shut down risky spending habits, and more.
Detailed explanation-2: -A spending plan is a method for distributing your income among the mix of things you want and need. Creating a spending plan ahead of time will allow you to effectively manage your finances and determine where to best spend your money.
Detailed explanation-3: -Budgeting Stops Overspending Spending money without thinking carefully about where it all goes can easily lead you to overspend on a monthly basis. Overspending limits your spending power in the future, as more and more of your income has to be applied to debt payments.