Question

3. Find the monthly expenses of your household last month and this
month,
identify there is profit or loss,find profit or loss% for the same?​

Answer 1

Answer:

Creating a household budget can serve many purposes: getting out of credit card debt faster, saving for a long-term goal such as a house or retirement, or simply ensuring that you are on solid financial footing to meet whatever curveballs life may throw at you. The evidence that budgeting works is clear-cut: Surveys show that those who stick to budgets are less likely to report financial worries or living paycheck to paycheck and more likely to achieve their financial goals.

So, what exactly is budgeting? At its simplest, it’s a ledger detailing the spending decisions you intend to make. It estimates how much money will come in during the months ahead, and it allocates enough money to cover expenditures such as food, housing, transportation and insurance.