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“Budgeting is the first step in Money management.” In this  Steps in preparing a family budget.context explain the Steps in preparing a family budget

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Steps in preparing a family budget: It include the following steps : 

• Prepare a list of commodities and other services which are needed by the family members. 

• After preparing the list now estimate the cost of the desired items. 

• Now, bring your expected income and expenditure in balance. 

• Always check your plans to see if these are realistic. Means whether the needs of the members have been met or not.

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