Answer:
Q: What was the most challenging part about creating a budget for you? Explain why with specific examples.
A: I would say that the hardest part about creating a budget for me personally was trying to balance the work-play spectrum. For example, I know I need to budget for things like food and toiletries, but nobody wants to go without games or experiences. It was a lesson in being responsible, because at the end of the day, if you do spend all your money badly, then you'll regret it and not even be able to enjoy what you got.
Q: How can using a budget help you plan for your future? Provide specific examples.
A: Most everything in this world is dependant on give and take. All relationships are, and this includes the idea of finance. You cannot take without giving something back because eventually there will be nothing left. This applies to the economy: if you give a business money, for example, for them to do something for you or give you something, they can keep operating and you can continue purchasing and everyone will be happy. This means that most things also require money, since money is the most common form of giving and receiving -- it's what everyone barters with. Creating a budget can help you spend your money wisely on things of value, such as education and requirements for healthy living, rather than on unhealthy things like parties or amusements. This enables the businesses in question to continue operating, which enables you to get what you need for a happy life, which in turn makes you productive as a member of society, and everyone is benefited.
The last question is opinion; I can't really help with that one, but hopefully everything else made sense. Good luck. :)
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