What are the main purposes of a budget? Select three options.
to record past income and spending
to plan future income and spending
to balance available resources and expenses
Answer (2)
The three main purposes of a budget are to record past income and spending, plan future income and spending, and balance available resources and expenses. These functions help individuals manage their finances effectively. Understanding these purposes can lead to improved financial decision-making. ;
The three main purposes of a budget are to record past income and spending, plan future income and spending, and balance available resources and expenses. These purposes help individuals manage their finances effectively and ensure they do not overspend. By understanding these principles, one can make better financial decisions.
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