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What is a characteristic of a successful budget

2 Answers

4 votes
The budget must be these five things to be successful..

Must be realistic.
Should be flexible.
Should be evaluated regularly.
Must be well planned and clearly communicated.
Should have a financial format.

Hope I helped!
User Lego
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4 votes

Answer:

Balance.

Step-by-step explanation:

A budget is the assessment of expenses and income at a given time. The main feature of a successful budget is a balanced budget. Balanced budgeting happens when expenses are equal to revenues, ie their consumption, in the case of individuals, for example, is not greater than their income. This avoids debt contraction.

User Mukesh Tiwari
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