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Question
Budgeting is the first step in ______.
Options
Budgeting
Money management
Expenditure
Family size
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Solution
Budgeting is the first step in money management.
Explanation:
Budgeting acts as the fundamental building block or first step of comprehensive money management. It allows individuals and households to track income, plan out resources intentionally and make structured financial decisions.
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Budgeting is
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- The first step in money management
- A type of investment
