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1. Using your own words, explain the importance of budgeting. 2. Budgeting is often used for planning and control purposes. Explain, in your own words,
1. Using your own words, explain the importance of budgeting.
2. Budgeting is often used for "planning and control" purposes. Explain, in your own words, what this means.
3. Explain a time when you used budgeting either in your personal life or at work. What are some challenges you noticed in utilizing budgets? What benefits do budgets bring?
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