How does creating a household budget benefit a family?

Question

Question 16 options:

A)

It allows the family to spend money without tracking expenses.

B)

It helps the family to save money for future goals.

C)

It makes sure that all the money is spent immediately.

D)

It provides an unlimited amount of money for spending.

Answer 1

The correct answer is:

B) It helps the family to save money for future goals.

Creating a household budget enables a family to track their income and expenses effectively, plan for future savings, and allocate funds towards specific goals such as education, vacations, or emergency funds.