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Budget limitations refer to the constraints placed on spending and financial resources, often due to a fixed income or predetermined financial plan. These limitations can restrict an individual's or organization's ability to allocate funds for various needs and priorities. Three common examples of budget limitations include: 1) a cap on discretionary spending, which limits funds available for non-essential expenses; 2) fixed costs like rent or mortgage payments that consume a significant portion of the budget; and 3) unexpected expenses, such as medical emergencies, that can strain financial resources.

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