Question

11.
Jonah sits down to figure out how much he earns each month and how much money he has to put into savings after paying for his basic living expenses. What is Jonah doing? (Choose all that apply.)

A.
Buying on impulse

B.
Budgeting

C.
Buying with credit

Answer 1

B. Budgeting

Jonah is planning his finances—comparing monthly income to expenses and deciding how much to save—which is the definition of budgeting. He is not making any purchases (so not buying on impulse) nor using credit.