ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A strategy for handling one’s finances to ensure the greatest future benefit.
A
Savings Account
B
Income Tax
C
Financial Plan
D
Overdraft Fees
Explanation: 

Detailed explanation-1: -A financial plan can help you create an investment portfolio. Your financial plan can give you the full lay of the land: You’ll know what your goals are, how much time you have to reach them, and how comfortable you are with risk. Once you have a comprehensive view, you can figure out how to reach each individual goal.

Detailed explanation-2: -Track your spending to improve your finances. Create a realistic monthly budget. Build up your savings-even if it takes time. Pay your bills on time every month. Cut back on recurring charges. Save up cash to afford big purchases. Start an investment strategy. 28-Sept-2021

Detailed explanation-3: -Track Your Spending. Live Within Your Means. Don’t Borrow to Finance a Lifestyle. Set Short-Term Goals. Become Financially Literate. Save What You Can for Retirement. Don’t Leave Money on the Table. Take Calculated Risks. More items

Detailed explanation-4: -Your Financial Plan Should Be Unique To You. Intelligently Invest For The Long Term. Diversify, Diversify, Diversify. Set Realistic Goals. Plan Professionally For Your Future. 04-Apr-2022

There is 1 question to complete.