A personal budget or home budget is a finance plan that allocates future personal income towards expenses, savings and debt repayments. 1. On this topic, you are required to prepare your monthly cash budget for the month of June 2020, if (assuming) there are 4 different sources of income and 12 different expenses and debt repayments. "Preparing monthly cash budget is an indicator for your personal financial growth. In reference to this statement, you are required to provide the reasons/importance of preparing your monthly cash budget. (1200 words)