ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Helps to keep track of the money you receive
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Helps to prioritize your spending
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Helps reach short-and long-term financial goals
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All of the above
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Detailed explanation-1: -A budget helps create financial stability. By tracking expenses and following a plan, a budget makes it easier to pay bills on time, build an emergency fund, and save for major expenses such as a car or home. Overall, a budget puts a person on stronger financial footing for both the day-to-day and the long term.
Detailed explanation-2: -Budgeting ensures you’re not spending more than you’re making, allowing you to plan for short-and long-term expenses. It’s an easy, helpful way for people with all types of income and expenses to keep their finances in order.
Detailed explanation-3: -Gives you control over your money. Helps you focus on your financial goals. Keeps you on top of what you’re spending. Makes it easier to stay aware of your savings and debts. More items