Why do people use a household budget? A. To effectively manage spending
B. To quickly increase their monthly income
C. To increase the value of investments
D. To lower the cost of mortgage payments
Why do people use a household budget?
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A. To effectively manage spending
A household budget is used to track income and expenses, helping individuals and families manage their money better. By planning and setting limits on spending, people can avoid overspending, save for future goals, and ensure they meet their financial obligations. Would you like to know more about creating a budget?