Charitable donations, entertainment expenses, and financial goals are all examples of

Things to consider when creating a budge

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Explanation:

A budget is a plan showing how an individual or organization intends to spend their anticipated income. It represents the wishes and desires of a firm or the person drawing it.

Creating a budget starts with determining the expected income. The firms or individual has to prioritize their need/wants and plan for them. The most important things are included first in the budget. A budget is crucial in making sound financial decisions.

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