ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stakeholder buy-in
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Consider alternatives when planning
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Understand past-present-future
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All of the above
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Detailed explanation-1: -Gives you control over your money. Helps you focus on your financial goals. Keeps you on top of what you’re spending. Makes it easier to stay aware of your savings and debts. More items
Detailed explanation-2: -The three types of annual Government budgets based on estimates are Surplus Budget, Balanced Budget, and Deficit Budget.
Detailed explanation-3: -What are the four benefits of budgeting? Identifies spending priorities, prevents potential conflicts with loved ones, aids the development of a financial plan, and encourages good stewardship.
Detailed explanation-4: -Helps You Work Toward Long-Term Goals. Can Keep You from Overspending. Can Make Retirement Saving Easier. Helps You Prepare for Emergencies. Can Reveal Spending Habits. The Bottom Line.
Detailed explanation-5: -Watch our video about Budgeting. Budgeting helps you achieve academic and financial goals. Budgeting makes it easier to plan, to save, and to control your expenses. Budgeting can help you avoid debt and improve your credit.