Question
How does creating a budget help people manage money?
Solution
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1 of 2Creating a budget is very helpful to people to manage money.
- Creating a budget means, balancing the income with the expenses, in which you can still save money.
- Creating a budget will help you to plan about things that are necessity and not.
- Be able to follow a strict plan that will not go overboard with the income of the household.
- To keep track if there are expenses which are unnecessary or if there are expenses that needs more budget than the other.
- To see if the income is enough for the family's needs and wants.
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