ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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seek help on investing from a financial planner.
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consult a credit counseling service.
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create a budget of current income and expenses.
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subscribe to financial newsletters and magazines.
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Detailed explanation-1: -Start with your spending The first thing to do when establishing a budget is look where you currently spend money. Keep track of all of your expenses for one month, whether they are necessary (rent, groceries, textbooks) or whether they’re for enjoyment (streaming subscriptions, afternoon coffee).
Detailed explanation-2: -Answer and Explanation: The sales budget should always be prepared first. The sales budget is an important component of the budgeting process and it indicates the forecast of units that will be sold in the period as well as the revenue to be earned from these sales.
Detailed explanation-3: -Know what you’re spending money on. Make your budget work for you. Shop with a goal in mind. Stop spending money at restaurants. Resist sales. Swear off debt. Delay gratification. Challenge yourself to reach your new goals. 03-Feb-2023