ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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show if you are overspending in one area
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make overspending more likely
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remove guilt and shame from sometimes associated with a purchase
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make your money go further
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Detailed explanation-1: -When you analyze it, there are really three reasons why people are unsuccessful in budgeting. The most common causes of failure are unrealistic goals, quitting too soon and misunderstanding what a budget really is.
Detailed explanation-2: -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-3: -Overspending will help you manage your budget effectively. Credit should not consistently be used for nondurable goods. One can be overusing credit even though he or she can afford to make minimum monthly payments on time.
Detailed explanation-4: -Track expenses regularly. Pay with cash if tempted to overspend with your debit or credit card. Complete weekly budget check-ins to ensure you’re on track for your budget goals. Review your budget once a month to see if your income or expenses have changed. More items •19-Oct-2022