ECONOMICS
BUDGETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Round up your expense estimates to add a buffer
|
|
|
Use most of your budget for entertainment expenses
|
|
|
Find a friend that enjoys going shopping
|
|
|
Buy all of your wants at one time.
|
Detailed explanation-1: -Sleep on big purchases. Never spend more than you have. Stick to a lower credit card limit. Budget to zero. Try a no-spend challenge. Stop paying for fees. Plan your meals. Do your grocery shopping online. More items
Detailed explanation-2: -Review Your Spending. Costs are on the rise, and you feel it. Find Ways to Save. Once you know the budget lines inflation is hitting the hardest, you can start finding ways to save. Earn Extra Money. Your expenses are going up. Cut Some Expenses. Shop Around. Adjust Budget Lines. 26-Oct-2022
Detailed explanation-3: -Step 1: Calculate your net income. The foundation of an effective budget is your net income. Step 2: Track your spending. Step 3: Set realistic goals. Step 4: Make a plan. Step 5: Adjust your spending to stay on budget. Step 6: Review your budget regularly.
Detailed explanation-4: -See if another budget category has extra that you can take it from. Tell yourself that credit cards are not an option. Call your bill providers and tell them you’re behind. Reduce your grocery spending as much as possible. Return your extra purchases if you can. More items