ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The first priority in your budget should be ____
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Giving
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Spending
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Saving
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Investing
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Explanation:
Detailed explanation-1: -Generally, the bills you should pay first are the ones that cover necessities-the main resources that keep you and your family safe and healthy. These necessities include shelter, water, heat and food.
Detailed explanation-2: -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-3: -Housing. Utilities. Food. Transportation. Insurance. Debt (student loans, credit card payments, etc.) Medical expenses. Child care.
There is 1 question to complete.