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How Much Do You Know About Monthly Budgeting?

According to Nerdwallet, American households carry $11,413 in credit card debt. If you feel that your credit card debt is becoming unmanageable, you may want to consider creating a monthly budget. But how much do you know about budgeting? Take this quiz to find out.

Question 1 of 10

What is the purpose of a monthly budget? Why should you start budgeting?