ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial goals
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Entertainment expenses
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Charitable donations
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All of the above
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Detailed explanation-1: -Step 1: Calculate your net income. The foundation of an effective budget is your net income. Step 2: Track your spending. Step 3: Set realistic goals. Step 4: Make a plan. Step 5: Adjust your spending to stay on budget. Step 6: Review your budget regularly.
Detailed explanation-2: -Add up the monthly income you expect from all sources. Categorize and add up the monthly expenses you expect to pay. Subtract expenses from income. 19-Oct-2022
Detailed explanation-3: -Calculate your earnings. Pay your bills on timeTrack your expenses. Set financial goals. Review your progress. 17-Sept-2019
Detailed explanation-4: -Groceries. Housing. Basic utilities. Transportation. Insurance. Minimum loan payments. Anything beyond the minimum goes into the savings and debt repayment category. Child care or other expenses you need so you can work. 02-Dec-2022