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In: Finance

Why is managing your own budget so valuable?

Why is managing your own budget so valuable?

Solutions

Expert Solution

Management of your own budget is valuable because-

A. it will help in order to manage with day to day life expenses and incomes and it will also help in better management of future expenditures.

B. management of own budget will help in dealing with the adverse economic situations in a better manner.

C. Management of own budget will also help in avoiding the debt cycle and leading a happy life

D. Management of own budget will also help in working upon the differences between the actual expenditure and the expected expenditure.

E. Management of own budget is also important in order to eliminate the risk of financial insolvency.

F. Management of own budget will also help in achieving the financial independence at the early stage of the life.

jeff jeffy answered 1 year ago
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