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2 Questions 1. What factors should be considered in making a family budget? 2. Why is priotizing needs over wants important?​

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JOUBRIXIN

Answer:

1.

2. Identifying the difference between “needs” and “wants” is the cornerstone of money management. This enables you to prioritize and figure out what expenses are necessary and which ones can be deferred. ... For example, if you want a car, you should set this as a goal and start saving up for it.

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