54.8k views
3 votes
5. Which of the following is an example of budgeting?

A. Mike spends all of his money on comic books.
B. Robert sets aside a certain amount each month to afford a new basketball hoop.
C. Jeremy considers what he wants to do after high school.
D. Alan earns money by putting his money in a bank account.

User Sruli
by
4.8k points

1 Answer

5 votes

Answer:

correct answer is B

Step-by-step explanation:

Mike does not budget, because budgeting means actively spending less to save for something else, but mike spends all his money on comics.

Robert is budgeting so he can buy a new basketball hoop

Jeremy is thinking through a complex question that has nothing to do with money spending or saving

Alan doesn't make sense because the only money you get by banking your money is annual interest but i know he isn't budgeting.

User Phschoen
by
4.9k points