8
QuizMultiple Choice

Financial Responsibility — Unit test

Question 8 • Personal Finance - EL3403

The best reason to record income at the top of a budget is

Answer
A
to easily add expenses to it.
B
to know how much money is available.
C
to avoid spending too much money.
D
to see that is is more important than expenses.

Explanation

Recording income first shows the total money you have available to plan with. You can then compare expenses against that amount and decide how to use the money. The best choice is “to know how much money is available.”

AI-written and checked against the verified answer.

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