Which is an example of a budget?
A)Making a plan around your income,savings,and spending
B)Spending your money at will
C)Balancing your checkbook
D)Assuming someone will give you money every month

Question

Quizplus · Accepted Answer

Budgeting involves making a plan around your income, savings, and spending. This plan helps in managing your money effectively and achieving your financial goals. Hence, option A is correct. Option B is incorrect because spending money at will without a plan can lead to overspending and financial instability. Option C is a good financial habit but not an example of a budget. Option D is incorrect as it assumes that someone else will take care of your financial needs, which is not a sustainable or advisable approach to managing money.

Which Is an Example of a Budget