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Budgeting Advantages


  1. Budgeting provides a way to measure financial performance. It is a self-evaluation of progress.
  2. Budgeting reveals wasteful or inefficient spending patterns.
  3. Budgeting requires the family to identify and deal with potential financial problems before they arise and consider possible alternative courses of action.
  4. Budgeting may be used to establish financial goals and determine the feasibility of meeting them.
  5. Budgeting  may provide motivation to accomplish financial goals.



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