Which statements accurately describe the benefits of a budget in addressing financial needs? (Check ALL that apply) Budgets help set money aside to reach short-term and long-term financial goals. a Budgets help to protice your daily spending D Budgets help you increase spending on any fixed, periodic, or variable expense 17 Budgets help manage your income and expenses.

Question

Which statements accurately describe the benefits of a budget in addressing financial needs? (Check ALL that apply) Budgets help set money aside to reach short-term and long-term financial goals. a Budgets help to protice your daily spending D Budgets help you increase spending on any fixed, periodic, or variable expense 17 Budgets help manage your income and expenses.

Answer 1

The correct statements are 1 and 4.

Answer 2

## Step 1The problem is asking us to identify the correct statements that describe the benefits of a budget in addressing financial needs. We need to evaluate each statement one by one.## Step 2Statement 1: "Budgets help set money aside to reach short-term and long-term financial goals." This statement is correct. One of the main benefits of a budget is that it helps individuals set aside money to achieve both short-term and long-term financial goals.## Step 3Statement 2: "Budgets help to protect your daily spending." This statement is not entirely correct. While a budget can help you plan your spending, it doesn't necessarily protect you from overspending.## Step 4Statement 3: "Budgets help you increase spending on any fixed, periodic, or variable expense." This statement is not correct. A budget is not meant to increase spending, but to manage and control it.## Step 5Statement 4: "Budgets help manage your income and expenses." This statement is correct. One of the main purposes of a budget is to manage income and expenses, ensuring that expenses do not exceed income.

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