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Lesson1Needs, Wants and BudgetingLearner Activity Budgeting Game: Round 1 Remember that trade-offs are often necessary when making a budget. That means that you sometimes need to give up something

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What is needs wants and budgeting?

needs wants and budgeting refers to the process of identifying essential requirements, desired items, and setting financial limits in order to effectively manage one's finances.

Who is required to file needs wants and budgeting?

needs wants and budgeting is a personal financial management tool and is not required to be filed with any specific entity.

How to fill out needs wants and budgeting?

needs wants and budgeting can be filled out by listing all essential needs, desired wants, and setting a budget for each category to ensure financial stability.

What is the purpose of needs wants and budgeting?

The purpose of needs wants and budgeting is to help individuals prioritize their spending, make informed financial decisions, and achieve their financial goals.

What information must be reported on needs wants and budgeting?

Information on needs wants and budgeting includes essential needs such as housing, food, healthcare, desired wants such as entertainment, travel, and budget limits for each category.

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