ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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show if you are overspending in an area
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Make overspending more likely
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Remove guilt and shame sometimes associated with a purchase
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Make your money go further
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Detailed explanation-1: -Explanation for correct answer: Preventing net operating loss is not a part of budgeting as the budget is prepared towards finding realizable goals.
Detailed explanation-2: -A budget helps create financial stability. By tracking expenses and following a plan, a budget makes it easier to pay bills on time, build an emergency fund, and save for major expenses such as a car or home. Overall, a budget puts a person on stronger financial footing for both the day-to-day and the long term.
Detailed explanation-3: -The family net income. Family needs. The nature of the capital expenditure planned for. The taste and value of the family. The number of dependant of the family or family size. The season of the year. Inflation.
Detailed explanation-4: -Track expenses regularly. Pay with cash if tempted to overspend with your debit or credit card. Complete weekly budget check-ins to ensure you’re on track for your budget goals. Review your budget once a month to see if your income or expenses have changed. More items •19-Oct-2022