Manufacturing industry stock shots

What is the primary purpose of a budget?

• To plan for future financial goals

• To reduce taxes

• To increase income

• To track daily expenses

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

• Avoiding savings

• Spending without limits

• Estimating monthly income

• Ignoring fixed expenses

How can budgeting help in achieving financial goals?

• By increasing spending

• By providing a spending plan

• By avoiding financial planning

• By eliminating all expenses

What is a common benefit of maintaining a budget?

• Better financial control

• Unlimited spending

• Increased financial stress

• Higher taxes

Which of the following is NOT a benefit of budgeting?

• Improved savings

• Financial discipline

• Unplanned expenses

• Goal achievement