The correct answer is True
Explanation:
A budget refers to a plan in which you define how to spend money or use resources for specific purposes. Budgets are ideal for money management because, in this way, you limit the amount of money you want to spend on certain aspects, for example, housing, food, entertainment, transportation and therefore you will have more control over how the money is spent every month. Besides this, by creating a budget you can effectively save money by avoiding to spend money on unnecessary items, which would help you to achieve financial goals. Thus, it is true a budget is an excellent way to manage the money you earn.
