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In this video, Tracy Kaufman from Candid shares essential advice on crafting effective budgets for grant proposals. Funders prioritize credibility and impact, with many stating they read the budget first. An effective budget clearly outlines the project's components, necessary resources, and the secured versus requested funding. A well-structured budget can significantly enhance the perceived credibility and impact of a proposal. To establish credibility, it's crucial that all figures are accurate and comprehensive; any discrepancies or omissions could undermine the proposal's integrity.