How can a budget help you reach your financial goals? Select a response. Budgeting helps track spending and increases savings. Budgeting reduces credit card interest rates. Budgeting can help you make smart investments. Budgeting allows you to earn more money over time.

Budgeting helps track spending and increases savings.<br /><br />Budgeting is a crucial tool for managing your finances effectively. By creating a budget, you can allocate your income towards various expenses, savings, and investments. This helps you prioritize your spending and ensures that you are saving enough for your financial goals. Additionally, budgeting allows you to identify areas where you can cut back on unnecessary expenses, thereby increasing your overall savings. By regularly monitoring your budget, you can make informed decisions about how to best use your money to achieve your financial objectives.