ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In the video, what were some of the necessities in Derek and Ginny’s budget?
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Housing
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Transportation
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School
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All of the above
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Explanation:
Detailed explanation-1: -Needs are items you cannot live without. These may include rent, groceries, and health insurance. Wants are items that are not necessary but may make life more pleasant. These may include dinners out, concert tickets, and clothes.
Detailed explanation-2: -A successful budget must bring together three major pillars – people, data and process. Gaps in any of these areas will decrease the accuracy of the final budget numbers.
There is 1 question to complete.