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

1<br />The first statement says, "Budgets help set money words to reach short-term and long-term financial goals." This is true because a budget is a tool that helps individuals and organizations plan and track their income and expenses to achieve their financial goals.<br /><br />## Step 2<br />The second statement says, "Budgets help to prioritize your daily spending." This is also true because a budget helps individuals and organizations to prioritize their spending by identifying which expenses are necessary and which are not.<br /><br />## Step 3<br />The third statement says, "Budgets help you increases spending on any fixed periodic, or variable expense." This is not true because a budget is not meant to increase spending, but to manage it. It helps individuals and organizations to understand their spending patterns and to make informed decisions about how to allocate their resources.<br /><br />## Step 4<br />The fourth statement says, "Budgets help manage your income and expenses." This is true because a budget is a tool that helps individuals and organizations to manage their income and expenses by tracking income and expenses, and by planning for future expenses.