Which of the following is a key reason to maintain a budget?

Maintaining a budget is crucial because it allows individuals to track their income and expenses, which is essential for making informed financial decisions. By clearly understanding where money comes from and where it goes, one can identify spending patterns and make adjustments as necessary. This awareness helps in prioritizing expenses, saving for future goals, and planning for unexpected costs.

Tracking income and expenses provides a foundation for financial success. It ensures that individuals live within their means, helps them allocate resources effectively, and fosters financial responsibility. By analyzing spending habits through a budget, individuals can make informed choices about saving, investing, and spending, ultimately leading to better financial health.