10
QuizMultiple Choice

Budgeting — Quiz

Question 10 • Economics

To create a balanced budget, one must make sure to

Answer
A
pay off debts first.
B
pay credit card payments first.
C
spend as little as possible.
D
spend less than or equal to income.

Explanation

A balanced budget means your total spending does not exceed your income. In other words, spend less than or equal to what you earn. Spending as little as possible or paying certain bills first may help with budgeting, but neither defines a balanced budget.

AI-written and checked against the verified answer.