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Questions and Answers
Which of the following best describes a budget?
Which of the following best describes a budget?
- A financial restriction
- A way to spend money freely
- A tool that tracks income and expenses (correct)
- A diet for your finances
Why do some people have a negative perception of budgeting?
Why do some people have a negative perception of budgeting?
- They associate it with restrictions (correct)
- They find it too complicated
- They think it is only for special events
- They believe it is unnecessary
Who should have a personal budget?
Who should have a personal budget?
- Only those with financial difficulties
- Only those planning a special event
- Only those with special projects
- Every person or household (correct)
What can a budget help you with?
What can a budget help you with?
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How can a budget be used?
How can a budget be used?
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