identify and explain two benefits of a household budget.

Answer:

1. Financial control: A household budget helps in tracking income and expenses, allowing for better control over spending and ensuring that money is allocated wisely.
2. Goal - setting: It enables households to set financial goals such as saving for a vacation, a down - payment on a house, or retirement, and plan how to achieve them.

Brief Explanations:

Budgeting provides oversight of finances and aids in goal - oriented financial planning.