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Why do people use a household budget?

A. To quickly increase their monthly income
B. To increase the value of investments
C. To effectively manage spending
D. To lower the cost of mortgage payments


Sagot :

Final answer:

Household budgets are essential for managing spending effectively and ensuring financial stability by allocating money wisely.


Explanation:

Household budgets are utilized to effectively manage spending by ensuring that income covers expenses. By creating and adhering to a budget, individuals can allocate their money wisely, avoid overspending, and work towards financial goals. It helps in planning for expenses, savings, and investments, ensuring financial stability.


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