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You need a budget is a financial plan that helps track and manage your income and expenses.
Anyone who wants to effectively manage their finances and track their spending habits is recommended to have a budget.
To fill out a budget, you must first list all sources of income and expenses, categorize them, and then allocate amounts to each category.
The purpose of having a budget is to help individuals or households have better control and understanding of their financial situation, and to achieve financial goals.
The information that must be reported on a budget includes income sources, expenses, amounts allocated to each category, and any savings or investment goals.
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