The purpose of a budget is to
A) determine the amount of your total liabilities.
B) develop a plan for spending your future income over a specific time period.
C) reduce total assets.
D) increase monthly expenses.
E) develop a plan for increasing credit purchases.

Question

Quizplus · Accepted Answer

The purpose of a budget is to develop a plan for spending your future income over a specific time period. It helps you prioritize your expenses and make sure you have enough money for your needs and wants.

The Purpose of a Budget Is to