Question

Which best describes the purpose of an annual budget?(1 point)
Responses

to determine how much of one’s income will go toward savings and different types of expenses
to determine how much of one’s income will go toward savings and different types of expenses

to prevent unexpected expenses such as a medical emergency
to prevent unexpected expenses such as a medical emergency

to plan, in advance, every purchase that will be made during a year
to plan, in advance, every purchase that will be made during a year

to ensure that the same amount of money is spent on the same things every month
to ensure that the same amount of money is spent on the same things every month

Answer 1

The best description of the purpose of an annual budget is:

**to determine how much of one’s income will go toward savings and different types of expenses.**

An annual budget helps individuals plan their finances by allocating income to various expenses and savings goals.