Budgets & Tax Overview Part 2
REVIEWING THE BENEFITS OF BUDGETING
So we know a budget is a plan to save, track, and improve your money situation.
It also helps you stay on course with your goals by controlling your spending and saving & investing a portion of your income.
REVIEWING THE BENEFITS OF TAXES
So we know the IRS collects taxes but what do they do with the money?
Well, they use the money to fix broken bridges, cracked roads, schools, parks and many more reasons.
Let's do a quick review below:
The below taxes are paid to help our Senior Citizens (older people),
of which we will all be one day.