Question

How does your new budget help you to meet your long-term goal of saving for college?

Answer 1

Answer:

make sure in the budget your savings are enough for college in the time you want

that is the expenditure must not over wegh the income...you should save as much as possible

Answer 2

Answer:

A budget helps create financial stability.

Explanation:

Why is budgeting crucial for college students?

Budgeting assists you in achieving your academic and financial objectives.

A budget will also assist you in anticipating unforeseen costs and challenges. Budgeting necessitates difficult decision-making, but creating goals will make the process easier.

How can Budgeting helps individual?

• A budget aids in financial security
• A budget makes it simpler to pay bills on time, develop an emergency fund, and save for significant purchases like a car or home by tracking costs and sticking to a plan.
• A budget, in general, puts a person on a better financial footing in the short and long term.

Goal of Budget-

A budget is used to plan, manage, track, and improve one's financial status. In other words, a budget keeps you on track toward your long-term financial goals by allowing you to regulate your spending and consistently save and invest a percentage of your income.

Learn more about Budgeting here-

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