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A budget line is the filiation of two assets that a buyer can buy with a given amount of money.

What exactly is a budget?

A budget is a written plan that outlines how you are going to spend ones money each month. A budget ensures that you have enough money each month. You could perhaps run out of cash before the next paycheck if you don't have a budget. A budget demonstrates how so much money you earn.

What is the significance of budgeting?

A budget contributes to financial stability. A budget enables you to pay the bills on time, create a savings account, and fund major purchases like a car or home by controlling cost and sticking to a plan.

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