Your friend Dario heard about your personal finance class and asked for your help. Explain to Dario why he should establish a budget and what information he needs.

Which of the following statements describe the importance of abudget? (Choose all thatapply.)

A.

With awell-planned budget, money will seem to go farther and he will be able to do more with what he has.

B.

Awell-planned budget accurately matches ahousehold's abilities with its financial goals.

C.

Awell-planned budget prepares someone for the future and the unforeseen events that the future holds.

D.

Awell-planned budget reduces ahousehold's expenses while increasing its revenue.