Answer:
Explanation:
Reduce expenses: One way to balance a budget when income is less than expenses is to cut back on spending. This can be achieved by reducing discretionary spending, such as eating out or entertainment, or by negotiating lower bills and expenses, such as rent, utilities, or insurance.
Increase income: Another way to balance a budget when income is less than expenses is to increase the amount of money coming in. This can be done by finding a higher paying job, taking on a second job, starting a side business or selling items you no longer need. Additionally, you may be able to negotiate a raise or ask for more hours at work.