Select the correct answer.

Question

Which of the following is the first step to creating a budget?

A.
planning for a savings amount
B.
calculating net income
C.
listing fixed expenses
D.
listing income sources and amounts

Answer 1

The correct answer is:

D. listing income sources and amounts

This is typically the first step in creating a budget, as it helps you understand how much money you have coming in before you can plan for expenses and savings.