tions: Answer with CORRECT if the statement is true, and INCORRECT if it t correct. 1. Balance your home and your expenditure. A higher expenditure would end up in debt. 2. Budgeting gives you a feeling of comfort and satisfaction knowing that your income is enough for the expenses of the family. 3. Budgeting enables families to list their needs. 4. Budgeting is a waste of time. Working is more important than budgeting. 5. Budgeting serves as a constant reminder that you are in control of the family finances.