ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Finding a person you trust to help keep you on track with your money goals
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Hiring a financial advisor to make your decisions about money for you
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Looking at the budget you set at the end of the month
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Creating specific categories in your budget
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Detailed explanation-1: -Write them down. The act of writing down your goals makes them more real and tangible. Share them with a trusted friend or family member. Make a plan. Take action. Celebrate your progress. Make a budget. Automate your savings. Delay gratification. More items
Detailed explanation-2: -Write it down: One of the easiest ways to stay accountable is to keep a written record of your financial progress. Start a finances journal and track everything you do (or don’t do) on your daily lists. Be your own boss: If your employee was missing deadlines or skipping work, you’d sure have something to say about it!
Detailed explanation-3: -A financial plan acts as a guide as you go through life’s journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
Detailed explanation-4: -Live With Financial Intention. An intention is a way of being or living that supports the likelihood of your goals coming to fruition. Visualize Financial Success. Take the Long View. Create a Support System. Get Empowered. School Up. 19-Sept-2022
Detailed explanation-5: -Create and stick to a budget. Not only is budgeting one of the top financial goals people set each new year, but it’s also the foundation you should build all your other money goals on. Build up an emergency fund. Get out of debt. Save up for your retirement dreams. Spend less and save more. 22-Dec-2022