What is budget?
- A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money.
Why do we need to budget the income of the family?
- A family budget is essential to managing your money. That's because a family budget helps you: ... save money for the things you like but can live without – these are your wants. set aside money for unforeseen expenses – for example, if your car breaks down and needs repairs.
What are the basic considerations in making a family budget?
Here are some simple steps to create and maintain a household budget.
- Determine your income. The first step toward planning your budget is to determine exactly how much money you have coming in.
- Subtract your fixed spending.
- Decide on a savings goal.
- Manage debt.
- Track variable spending.
Which do you think should be prioritize?
KAYO NAPO MAG ANSWER DITO, SORRY PO KUNG DIKO MASASAGUTAN :)
HOPE IT HELPS!
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