4. what are the pros and cons of using the different types of budget systems? which one do you prefer?

Mental budget:

PRO ⇒ easiest possible way of making a budget, CON ⇒ isn't very accurate.

Physical budget:

PRO ⇒ quite simply, just place money on envelopes according to what things you should pay with them, CON ⇒ cannot keep a exact record.

Write down the budget:

PRO ⇒ write down the budget on a notebook or an excel spreadsheet,  writing down the budget helps to stick with it.CON ⇒ you need to permanently check and adjust your budget.

Accounting or Financial software:

PRO ⇒ use software (e.g. Quicken) to help you  create a budget that includes tax records and bank accounts. CON ⇒ it is more complicated and you need to pay for the software.

Idon't have a single clue tbfh

There is a paper clip on the bottom left side below the question box