Answer:
Explanation:
A budget helps to plan, minimize unnecessary spending and organise our finance. It gives a clear picture of what our spending should be and it can be monitored.
Borrower is someone what receive money on credit either for personal use or upkeep.
Interest is the amount payable over a credits, the lower the interests the better for the borrower as the money Payable over the credit is reduced. When interests is too high it makes it difficult to pay back credit.
My Balance is what I have left after my expenses has been removed.
Deficit is what I have left to pay after all expenses have been removed from Income.
Budget data can be used to track financial records to see how money is been spent.
A good budget can help reduce credit rating, it helps to plan and organize finance.
A budget is what helps to plan our financial activities and reduce excess spending. In other to reduce borrowing it is necessary that every individual have a budget for each month to avoid running on deficit.
