Question

2. As a teenager, why might creating a budget be important?

Answer 1

A budget can help teens start to discern between genuine needs and wants and will show them where their money is going each month. A good budget will provide for both needs and at least some wants and should be flexible and relatively easy to use and understand.

Answer 2

Creating a budget allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you.