Question

After consulting the Web links above, or a book at the library or talking with your parents, why do you think it is important to plan expenditures carefully?

Answer 1

I believe it is important to plan out expenditures because they involve money and you need to do a lot of financial planning for anything involving money being spent. 

Answer 2

The process of planning expenditures carefully is called Budgeting. It consists of a plan to spend your money wisely and is the most effective tool for money management.

It is important to plan expenditures carefully because, in this way, you make sure to always have money for necessary and important things. Besides, you can have control over your money, your spending, and savings and also avoid debts.