Answer:
To prevent overspending, there is the need to monitor your income. Improper financial management will eventually lead to poverty, but when you make a budget and follow it diligently it has numerous importance. The Importance of making budgets is that you will be able to save more money, be flexible and puts you in control of your life. When you make and follow your budget you will be able to control yourself from spending too much(overspending)
Step-by-step explanation: