A family budget is essential to managing your money. That's because a family budget helps you: ... save money for the things you like but can live without – these are your wants. set aside money for unforeseen expenses – for example, if your car breaks down and needs repairs.
What is budgeting and its importance to the family budget?
--Budgeting creates a spending plan for your money and can help ensure there is always enough money to pay for food, bills, and other expenses. Having a budget is a good tool to avoid credit card debt and promotes saving. ... When we plan for emergencies, they do not become financially devastating.
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A family budget is essential to managing your money. That's because a family budget helps you: ... save money for the things you like but can live without – these are your wants. set aside money for unforeseen expenses – for example, if your car breaks down and needs repairs.
What is budgeting and its importance to the family budget?
--Budgeting creates a spending plan for your money and can help ensure there is always enough money to pay for food, bills, and other expenses. Having a budget is a good tool to avoid credit card debt and promotes saving. ... When we plan for emergencies, they do not become financially devastating.