WRAP Protest in Najaf against attack on Samarra shrine; ADDS Sadr City

What is the primary purpose of a budget?

• To reduce taxes

• To track daily expenses

• To plan for future financial goals

• To increase income

Which of the following is a crucial step in creating a budget?

• Spending without limits

• Avoiding savings

• Estimating monthly income

• Ignoring fixed expenses

Why is it important to include savings in a budget?

• To prepare for unexpected expenses

• To increase spending power

• To ensure all money is spent

• To avoid paying taxes

How can budgeting help in achieving financial goals?

• By limiting financial planning

• By reducing income

• By providing a clear spending plan

• By increasing debt

What is one benefit of maintaining a budget?

• It eliminates all financial risks

• It allows for unlimited spending

• It helps in tracking and controlling expenses

• It guarantees financial success