Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?

Question

a software-based budget

a mental budget

a physical budget

a written budget

Answer 1

For Cisco, who has a straightforward income and expense situation, a mental budget would likely be the easiest type of budget to maintain. Since he has only one source of income and one expense to keep track of, he can easily remember how much he makes and spends each week without needing to keep detailed records. However, if he wants to plan for future expenses or savings, a written budget could also be beneficial for clarity.

Answer 2

a b c or d

Answer 3

The easiest type of budget for Cisco would be b) a mental budget.