Explain the importance of a budget and why you should develop a monthly budget. Write out in full sentences at least three (3) benefits or reasons for having a budget and two (2) pitfalls or problems that may occur without a budget. In your response be sure to explain why your reasons will help you stay on budget and debt-free. Example: The first benefit of having a budget is….. The second good benefit of why I will have a budget is….. The third reason for having a working budget is ….. A problem for not having a budget would be …… A big pitfall for not working with a budget could be ……
Explain the importance of a budget and why you should develop a monthly budget. Write out in full sentences at least three (3) benefits or reasons for having a budget and two (2) pitfalls or problems that may occur without a budget. In your response be sure to explain why your reasons will help you stay on budget and debt-free. Example: The first benefit of having a budget is….. The second good benefit of why I will have a budget is….. The third reason for having a working budget is ….. A problem for not having a budget would be …… A big pitfall for not working with a budget could be ……
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 24AA
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Explain the importance of a budget and why you should develop a monthly budget. Write out in full sentences at least three (3) benefits or reasons for having a budget and two (2) pitfalls or problems that may occur without a budget. In your response be sure to explain why your reasons will help you stay on budget and debt-free.
Example:
The first benefit of having a budget is…..
The second good benefit of why I will have a budget is…..
The third reason for having a working budget is …..
A problem for not having a budget would be ……
A big pitfall for not working with a budget could be ……
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