BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ is a monthly plan that helps you use your money correctly in order to pay all your bills and still have money left over for savings or emergencies.
A
Budget
B
Income
C
Economics
D
Savings
Explanation: 

Detailed explanation-1: -A budget is simply a spending plan that takes into account estimated current and future income and expenses for a specified future time period, usually a year. Having a budget keeps your spending in check and makes sure that your savings are on track for the future.

Detailed explanation-2: -A monthly budget is a plan for how you will spend your money each month. Monthly budgets are popular because many recurring expenses, like rent, utilities, credit card payments and other loan payments occur on a monthly basis.

Detailed explanation-3: -A budget is a plan you write down to decide how you will spend your money each month. A budget helps you make sure you will have enough money every month.

Detailed explanation-4: -The three types of budgets are a surplus budget, a balanced budget, and a deficit budget. The state budget is a financial document including income and expenditure for the year. An income-and expense-based spending plan is referred to as a budget.

Detailed explanation-5: -A budget is a plan for managing income and expenses over a set time frame. There are different types of budgets you can use to manage your money. Budgets can help you track spending and live within your means.

There is 1 question to complete.