Question

Write in complete sentences to explain what a budget is, how to make one, and how to balance it.

Answer 1

A budget is a planning tool to ensure that you don't overpay and find yourself unable to pay for certain expenses. It depends whether you want it to be weekly or annually. Knowing how much money you have and how much you can spend without getting into debt is the first step in creating a budget. You must total up our expenses and average them. You must watch your spending to balance your budget and avoid underestimating your needs. Making an inventory of the things you need in a shop and purchasing only those things will help you avoid spending more money than you should.

Step-by-step explanation:

Answer 2

A budget is a calculation plan so that you don't overspend and end up not being able to afford certain things. It can be monthly or yearly, it just depends. To make a budget you first know how much money you have and how much you are able to spend without going broke. You must calculate and average our costs. To balance your budget, you have to make sure you don't overspend and end up with less than you calculated. The best way to make sure you don't spend too much is to make a list of items that you need in a store and get just those items so that you don't buy more than you need.

Step-by-step explanation: