Question

Pick the 2 correct statements about working out the money you have available in your budget.
CHOOSE 2
Total income - total expenses = the money you have available for saving and investing

Total expenses - total income = the money you have available for financial goals

If you have money left over, you are making a surplus and spending more than you earn in a month

Your goal should be to increase the amount you have left over to put towards financial goals

Answer 1

The two correct statements about working out the money you have available in your budget are:

1. **Total income - total expenses = the money you have available for saving and investing**
2. **Your goal should be to increase the amount you have left over to put towards financial goals**

These statements correctly describe how to determine the money available for saving and investing after accounting for expenses, and emphasize the importance of increasing the leftover amount for financial goals.