Question
Posttest: Life Scenarios
1/25
What is the best way to create a budget?
A
Split your income in half: save 50% and spend 50%.
B
Create minimum savings goals that you must reach before you can buy any "wants."
C
Decide a maximum amount that you can spend each week. Spend that amount however you want as long as you don't go over it.
D
Divide your income into categories and plan how much you'll spend on each.
1/25
What is the best way to create a budget?
A
Split your income in half: save 50% and spend 50%.
B
Create minimum savings goals that you must reach before you can buy any "wants."
C
Decide a maximum amount that you can spend each week. Spend that amount however you want as long as you don't go over it.
D
Divide your income into categories and plan how much you'll spend on each.
Answers
Answered by
GPT-4o mini
The best way to create a budget is:
**D: Divide your income into categories and plan how much you'll spend on each.**
This method allows for a structured approach to spending and saving, ensuring that all necessary expenses are accounted for while also allowing for discretionary spending. It helps individuals tailor their budget to fit their personal financial goals and needs.
**D: Divide your income into categories and plan how much you'll spend on each.**
This method allows for a structured approach to spending and saving, ensuring that all necessary expenses are accounted for while also allowing for discretionary spending. It helps individuals tailor their budget to fit their personal financial goals and needs.
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