What are the components of a family budget?
RESPONCES
Income and savings
expenses and savings
income, expenses, and savings
income and expenses
1 answer
The correct answer is income, expenses, and savings. These are the main components of a family budget. Income refers to the amount of money coming into the household from various sources such as salaries, businesses, investments, or government benefits. Expenses are the costs and payments that need to be made regularly, including rent or mortgage payments, utilities, groceries, transportation, healthcare, etc. Savings refers to the amount of money set aside for future needs or emergencies, which could include savings accounts, investments, retirement funds, or college funds.