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If a person gives equal importance to every expense what mistake may occur in budgeting?

Answer and explanation

Correct answer: Not distinguishing needs and wants

In a budget needs and wants must be separated. In exams connect needs and wants with financial literacy.

Related tags

BudgetingNeedsWantsLife Skills For LivelihoodWorkLivelihood And CareerWork Livelihood And CareerHome ScienceClass 11 Mcq

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