Final answer:
When considering a large expenditure with repeating payments, creating a budget is most helpful as it allows you to plan for these payments in relation to your income and other expenses. This in turn helps in managing finances effectively and preparing for unforeseen events by saving for emergencies.
Step-by-step explanation:
When considering a large expenditure that might require repeating payments, the most helpful strategy would be b) Creating a budget to consider future income and spending. A budget is your financial plan that helps track income and outgoings, ensuring that you can afford recurring payments. The process of budget creation allows you to project your future income against your planned expenses, making it possible to identify whether the recurring expenses can be sustained without negatively impacting your financial goals. Moreover, a budget helps in identifying wasteful expenditures, which is essential in managing finances effectively. It ensures that you have a clear plan on how to save for emergencies, aiming for at least three to six months' worth of income. This preparedness is invaluable for handling unforeseen events that can impact your financial stability. Therefore, being diligent with your budget and understanding your financial situation is crucial for making informed decisions regarding large and ongoing financial commitments.