ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is a tool to keep track of how much money you spend and how much money you save?
A
budget
B
income
C
savings
D
spending
Explanation: 

Detailed explanation-1: -A budgeting app is a software application that you may access from your computer, tablet or mobile device to track your finances, such as income, savings, debt payoff, or investing. Budgeting apps often will sync with your financial accounts to give you an overview in real-time when finances change.

Detailed explanation-2: -Mint is one of the most popular budgeting and expense tracking tools available. You can have the software pull in your bank and credit card information to analyze your spending and pinpoint areas where you can cut back to improve your finances.

Detailed explanation-3: -2. Mint: Budgeting. Mint is one of the best, free, web-based tools to track your budget. It can connect with all of your various accounts to give you a complete picture of your financial progress.

Detailed explanation-4: -Refrain From Using Cash. Record Your Expenses and Budget on a Ledger. Keep Receipts from Each Transaction. Use a Budgeting System or Application. Use Envelopes to Store Your Budget for Each Expense. Wisely Allocate the Money You Didn’t Use. Spend Within Your Means. More items

Detailed explanation-5: -Best overall free app: Mint. Best app for beginners: Goodbudget. Best app for serious budgeters: You Need a Budget (YNAB) Best app for small business owners: QuickBooks Online. Best app for business expenses: Expensify.

There is 1 question to complete.