To budget for savings or retirement, you should ensure that you have net cash flows every month.

Question

Quizplus · Accepted Answer

In order to allocate funds towards savings or retirement, you need to have a positive net cash flow every month. This means that your income exceeds your expenses, leaving you with money available to save or invest for the future. Without a positive net cash flow, it can be difficult to set aside funds for long-term goals such as retirement.

To Budget for Savings or Retirement, You Should Ensure That