Answers Personal Finance - EL3403 Principles of Financial PlanningQuestion 1

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Principles of Financial Planning

Question 1 • Personal Finance - EL3403

What are the main purposes of a budget? Select three options.

Answer

A

to record past income and spending

B

to take out a student loan from the bank

C

to plan future income and spending

D

to apply for a mortgage

E

to balance available resources and expenses

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