What is a benefit of using a financial tool to track your budget?

Question

(1 point)
Responses

It provides you discounts for the things you buy most often.
It provides you discounts for the things you buy most often.

It gives you a visual of your income and expenses.
It gives you a visual of your income and expenses.

It keeps all of your personal information protected.
It keeps all of your personal information protected.

It makes banks more likely to offer you low interest rates.
It makes banks more likely to offer you low interest rates.

Answer 1

The correct response is:

It gives you a visual of your income and expenses.

This benefit allows you to easily see where your money is going, helping you make informed financial decisions and manage your budget effectively.