Which statements accurately describe the benefits of a budget in addressing financial wants? (Check ALL that apply) D Budgets help you reach your financial goal such as (vacations) by adding a PYF pay yourself first category to your budget. Budgets help to prioritize your daily spending when paying for things like rent, food and electricity. Budgets help you to include spending such as Gym membership or Internet service. Budgets help you decide the importance of your expenses.

## Step 1<br />The question is asking us to identify the correct statements that describe the benefits of a budget in addressing financial wants. A budget is a tool that helps individuals manage their money by planning and controlling their income and expenses.<br /><br />## Step 2<br />The first statement says, "Budgets help you reach your financial goal such as (vacations) by adding a PYF pay yourself first category to your budget." This is true because a budget can help you save money for specific goals, such as vacations, by allocating a portion of your income to a savings account.<br /><br />## Step 3<br />The second statement says, "Budgets help to prioritize your daily spending when paying for things like rent, food and electricity." This is also true because a budget can help you prioritize your expenses by identifying which expenses are essential and which are not.<br /><br />## Step 4<br />The third statement says, "Budgets help you to include spending such as Gym membership or Internet service." This is true because a budget can help you track your expenses and ensure that you are not overspending on non-essential items.<br /><br />## Step 5<br />The fourth statement says, "Budgets help you decide the importance of your expenses." This is true because a budget can help you prioritize your expenses by identifying which expenses are essential and which are not.