The importance of creating a budget is:
- It helps a person keep track of his expenses and plan his financial decisions.
What is a Budget?
This refers to the financial planning which involves the careful lists of expenditures which can be used to stay solvent and make better financial decisions.
With this in mind, we can see that businesses and even individuals make use of budgets as this helps them to make informed decisions and also to stay far from debts
Read more about budgets here:
https://brainly.com/question/24940564
