Answer :
Snacks are being purchased for the econ club meeting. You have $100 to spend on soda and chips. If soda costs $1 a bottle and bags of chips cost $3 each, you can purchase 25 sodas and 25 bags of chips.
If a bag of chips costs $3, you can get 25 bags for $75, and if a can of Coke costs $1, you can purchase 25 cans for $25. The combined cost of the two will then be $100.
By making a written budget, you may select how much money you will spend each month. You can make sure you have enough money each month by creating a budget. You run the risk of running out of money before your next pay period if you don't create a budget.
Making a budget promotes financial security. A budget makes it simpler to pay bills on time, accumulate an emergency fund, and save for significant costs like a car or home by keeping track of spending and sticking to a plan.
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