Question

A Budget is meant to summarize the saving and spending that has taken place ove

Writing and following a zero-based budget will help you avoid overspending and impulse
O false
O true
A debit card cannot be used for online purchases.
O true
O false

Answer 1

A budget is a financial plan that summarizes income and expenses. Zero-based budgeting prevents overspending and impulse buying. Debit cards can be used for online purchases.

Step-by-step explanation:

A budget is a financial plan that summarizes a person's or organization's income and expenses over a specific period. It helps individuals or businesses track their spending and saving. A zero-based budget requires you to allocate every dollar of your income to a specific category, ensuring that you assign all your money toward savings or expenses. This budgeting approach can help prevent overspending and impulse buying.

Debit cards can be used for online purchases. They are linked to a person's bank account and can be used to make online transactions, just like credit cards. Debit cards provide a convenient and secure way to make purchases online without having to carry physical cash or accumulate debt.

Learn more about Budgeting and using debit cards for online purchases