Answer :

According to Professor Schick, the budget helps people and families to cover basic expenses related to health, the elderly, dependents, quality of life and education.

What is the personal budget?

It is a financial planning instrument, generating greater structuring and organization for an individual's expenses and income, assisting in the allocation of financial resources to achieve financial goals, assisting in the effective use of finance to increase the quality of life.

Therefore, it is essential that every individual develops knowledge about finance, as the budget is an instrument that helps to broaden the vision and understanding of their financial needs.

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