Question

Aaron seems to be doing very well financially. He has his own car and house. When you ask him for advice, he tells you that having a personal budget helped him achieve his goals. He then helps you make a personal budget to help you achieve your goals.

What are the main components of your budget?
Question 9 options:

Pay statements, invoices, and receipts


Past and future expenses


Income, expenses, and savings


Expected income and actual income

Answer 1

Income, expenses, and savings — those are the core components of a personal budget (what you earn, what you spend, and what you set aside).