What is the first step of building your own budget?
A)List all of your fixed payments
B)Record your income and when you receive it
C)List all of your extraordinary expenses
D)List all of your variable monthly expenses

Question

Quizplus · Accepted Answer

The first step in building your own budget is to record your income and when you receive it. This will help you get a clear understanding of how much money you have to work with and when it is available to you. From there, you can begin to allocate funds to your fixed payments, variable monthly expenses, and any extraordinary expenses that may arise.

What Is the First Step of Building Your Own Budget