O. M. Nazirova English for Design (Costume) freshmen

What are the benefits of preparing family budget?

Having a budget keeps your spending in check and makes sure your savings are on track for the future.

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  It Helps You Keep Your Eye on the Prize.
  
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  It Helps Ensure You Don’t Spend Money You Don’t Have.
  
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  It Helps Lead to a Happier Retirement.
  
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  It Helps You Prepare for Emergencies.
  
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  It Helps Shed Light on Bad Spending Habits.
  

What is a family budget?

A family budget is a system that shows how your money (aka your income) is distributed between different expenses, like rent, car payments, and credit card payments. Your money is divided into different “buckets,” or categories, including income and expenses.

What are the basic elements of budget?

All basic budgets have the same elements: income, fixed expenses, variable expenses, discretionary expenses and personal financial goals. By combining these elements, a person can create a simple monthly budget.