(1) 3. What is typically considered a benefit of having a workable budget? It means you will never have to review your finances again. It encourages smarter spending habits and helps establish a savings plan. It allows for unlimited impulse buying. It guarantees wealth without effort. (2) 4. According to the lesson, what is an important first step in building a budget? Investing heavily in the stock market. Borrowing money to cover immediate needs. ) Writing down all sources of income and all spending. Immediately cutting all variable expenses.

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