Answer:
To regulate his spending and spend money according to budget.
Explanation:
A detailed list of monthly expenses and income constitutes a budget. A budget, simply put, controls how money flows and how it should be spent. It also determines how money is saved. In a nutshell, the budget is a responsible way of spending money while saving for the future. A typical equation for savings is like this:
[tex]savings = income - expenses[/tex]
