3.4. Your university friend, Katy, wants to set up a budget for her monthly expenses. Explain to Katy how setting up a budget can help her manage her money effectively. - 1 mark.
Delete this grey text and write your answer(s) here.
Setting up a budget can help Katy manage her money effectively by providing a clear overview of her expenses and income. It can help her prioritize important expenses, avoid overspending, and save money for future goals. Additionally, having a budget can also help Katy track her spending habits, identify areas where she can cut back, and make informed financial decisions.
