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Week 4: Discussion Question
An operating budget is a combination of known expenses, expected future costs, and forecasted income over the course of a year. Operating budgets are completed in advance of the accounting period, which is why they require estimated expenses and revenues.
Do you operate your home with a budget?
If so, explain how this helps you run your home more efficiently.
If you do not have a budget, please explain how incorporating this into your life could help with your financial decisions.
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