Final answer:
The four main sections of a budget are income, expenditures, savings, and miscellaneous expenses. These categories help individuals like Marie plan and manage their financial resources effectively.
Step-by-step explanation:
The four sections of a budget typically include income, expenditures, savings, and a miscellaneous category for unforeseen expenses. When creating a budget, it is essential to first acknowledge all sources of income which may include wages, investments, and other receivables. Expenditures are generally sorted into categories such as housing, transportation, food, etc. Savings should be considered as a mandatory 'expense' towards your financial future, often aiming for a set percentage of your income. Lastly, it's important to allocate some funding towards miscellaneous or emergency expenses to handle any wreckage that life may unexpectedly throw your way, preventing your budget from becoming derailed.
When evaluating a budget like Marie's, who has a weekly budget of $24 to spend on magazines and pies, she needs to prioritize these expenditures within her budget to ensure she does not overspend. Whether she is tracking her spending for personal knowledge, preparing for budget questions in a gymnasium setting or looking to impress with her financial savvy, understanding and applying these four sections of a budget can add some majesty to her financial planning.