ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The app store guarantees you’ll save money ____ if you don’t, they’ll refund your money
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Apps are better at doing complex budget calculations than spreadsheets
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Because users carry their phones almost everywhere, budgeting becomes fast and convenient
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Most budgeting apps deposit extra funds into your account on a quarterly basis
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Detailed explanation-1: -Budgeting should help you track how much income you receive and further details how that money will be allocated to pay for expenses, build savings, and meet financial goals.
Detailed explanation-2: -A budget is a plan that shows you how you can spend your money every month. Making a budget can help you make sure you do not run out of money each month. A budget also will help you save money for your goals or for emergencies.
Detailed explanation-3: -Real-time Information in One Place. These days, people have a lot of financial accounts. Automatic Alerts. Easy Budgeting. Track Your Progress. Avoid Mistakes. You Need a Budget. Clarity Money. Personal Capital.
Detailed explanation-4: -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.