How does the habit of creating a budget—and sticking to it—reflect financial maturity and responsibility?

1 answer:

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The habit of creating a budget or working with a budget - and then sticking religiously to it - <em>reflects financial maturity as it ensures that enough resources are available for your expenses.</em>

The budget habit also shows an individual's high sense of financial responsibility since the individual cannot embark on an expense that is not covered by the income.

The habit of budgeting coupled with regular performance reviews helps an individual or an organization to achieve its budget objectives.

It also helps the individual or organization to attain financial discipline and independence, freedom from debts and financial embarrassments.

Thus, the habit of budget creation and discipline is necessary for a financially mature and responsible person or organization.

Learn more about creating a budget at brainly.com/question/16383865

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