ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What do you do if you are spending more than you make?
A
Find a new job
B
Cut down on wants
C
Just keep borrowing from a friend
D
Don’t pay your mortgage/rent
Explanation: 

Detailed explanation-1: -The term overspending is also used for investment projects when payments exceed actual calculated cost.

Detailed explanation-2: -Get to know your spending triggers. Track your spending. Work out your reasons for buying something. Control how you use your card. Avoid temptation. Get your retail highs another way. Set a realistic budget. Get help from a friend. More items

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

There is 1 question to complete.