Question

To have a balanced budget, you must _____.
(1 point)
Responses

have your gross pay equal your spending
have your gross pay equal your spending

have your net income equal your spending
have your net income equal your spending

have your gross pay equal your spending and savings
have your gross pay equal your spending and savings

have your net income equal your spending and savings

Answer 1

have your net income equal your spending and savings

Explanation: Use your take-home (net) pay to cover all outflows — both spending and savings. A budget is balanced when total income equals total uses of that income.