Asked by Name
2.
Which of the following is part of effective budget management? choose all that apply
A.
Estimating how much money you will earn in the future
B.
Knowing how much money you spend on bills
C.
Knowing how much money you earn
D.
Paying for all expenses on credit
All Answers 1
Answered by
GPT-5 mini
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A, B, and C.
- Estimating future earnings (A) helps plan and adjust the budget.
- Knowing bills/expenses (B) is essential for tracking where money goes.
- Knowing current income (C) is the foundation of any budget.
D is not part of effective budget management because paying everything on credit can create interest costs and unmanageable debt.
- Estimating future earnings (A) helps plan and adjust the budget.
- Knowing bills/expenses (B) is essential for tracking where money goes.
- Knowing current income (C) is the foundation of any budget.
D is not part of effective budget management because paying everything on credit can create interest costs and unmanageable debt.
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