ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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reach financial goals
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identify income and expenses
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there are none
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(A & B)
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Detailed explanation-1: -Spending plans provide a number of advantages. They can force people to make choices in the way they spend money and to prioritize needs and wants. They can also help you live within your income if the plan that is written down on paper is carried through in real life.
Detailed explanation-2: -What’s the difference between a spending plan and a budget? Well, a spending plan allows you to choose what you must spend money on each month, and then gives you the freedom to do whatever you want with the rest. Plus, it’s more fun to think about making a spending plan than a budget.
Detailed explanation-3: -Puts You In Control of Your Money. You Become Aware of Your Spending Habits. Helps you set priorities. Lets you prioritize saving and investing. Ensure you get control of debt or avoid future bad debt. Helps you be prepared for unexpected emergencies. Budgeting helps your family talk about money. More items •24-Mar-2021