ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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only once a week
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only once a month
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only every six months
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as my needs change
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Detailed explanation-1: -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-2: -Plan and budget for every dollar you spend. Communicate your financial situation with family, loved ones, and your creditors too. Make it harder to spend your money. Plan and cook your own meals. Use “bonus” money wisely. Get financial help if you need it.
Detailed explanation-3: -List your income. List your expenses. Compare your income and expenses. List your resources and set priorities.
Detailed explanation-4: -Find Your Total Net Income. Find Your Total Monthly Expenses. Decide on Monthly Savings. Figure Out What Is Left to Spend. Revise Until Everything Fits.