What is the main reason to use a personal budget?

Responses

to keep costs below benefits

to keep costs below benefits

to appropriate discretionary funds

to appropriate discretionary funds

to maximize investment returns

to maximize investment returns

to stay out of debt

1 answer

The main reason to use a personal budget is to stay out of debt. A personal budget helps individuals track their income and expenses, ensuring that they live within their means and manage their finances effectively to avoid accumulating debt.