20. Alex has an income of $2,000 a month. He wants to take a trip during an upcoming vacation from work, but he never seems to have any money left at the end of month. He needs to find a way to practice effective
personal money management so that he can take this trip. How could Alex BEST practice effective personal money management so that he can take this trip?
A. Alex could develop a budget to track his
income and then find a way to increase it.
B. Alex could develop a budget to track his
expenses and then find a way to reduce them.
C. Alex could develop a budget to borrow
money and then track the money he needs to
pay back.
D. Alex could develop a budget to reduce his
income taxes and then track the extra money
he saved.