Question

Why is it important to create a personal budget?

Answer 1

Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.

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Answer 2

Since budgeting allows you to create a money spending plan, it makes sure you have enough money always for what you need and what is important for you.

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