ECONOMICS
BUDGETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What are 2 important tips to creating a quality budget?
|
|
spending all the money you have each month
|
|
|
tracking your spending accurately
|
|
|
finding a resource to input all of your budget information
|
|
|
spending most of your income on a car
|
Explanation:
Detailed explanation-1: -There are many different budget methods, but the top five recommended budgeting strategies are: Zero-based budget. 50/30/20 budget. Envelope budget.
Detailed explanation-2: -To be successful, a budget must be Well-Planned, Flexible, Realistic, and Clearly Communicated.
Detailed explanation-3: -The foundation of an effective budget is your net income. That’s your take-home pay-total wages or salary minus deductions for taxes and employer-provided programs such as retirement plans and health insurance.
Detailed explanation-4: -Income. To calculate your total income, you need to account for all of your different income sources. Savings (Including Retirement) Debt Repayment. General Expenses. 28-Jul-2022
There is 1 question to complete.