ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A budget includes all of the following except ____
A
your expected income.
B
your planned expenses.
C
how to increase your income.
D
planned savings.
Explanation: 

Detailed explanation-1: -And the internet is full of articles on the elements needed to create an effective budget: income, fixed expenses, variable expenses, and unplanned expenses. Those things are important, and plenty of financial experts can tell you how to incorporate them into a budget.

Detailed explanation-2: -At its core level, budgeting requires tracking five specific elements: income; expenses; savings; debt payments; and assets.

Detailed explanation-3: -Review your insurance policies. Your coverage and rates can change based on the stage of life you’re in. Cut your grocery spending. Revisit your mobile plans. Drop your gym membership. Discover restaurant deals. 26-Aug-2021

Detailed explanation-4: -Housing. Whether you own your own home or pay rent, the cost of housing is likely your biggest monthly expense. Utilities. Vehicles and transportation costs. Gas. Groceries, toiletries and other essential items. Internet, cable and streaming services. Cellphone. Debt payments. More items •26-Sept-2022

There is 1 question to complete.