Question

A plan for coordinating income and
expenses.​

Answer 1

A plan for coordinating the income and expenses is known as a budget.

• Budgeting is the process whereby you build a plan to spend your money. That expenditure plan is called a budget.
• Creating the spending plan gives one the freedom to decide in advance whether you will have enough money to do the things you need or want to do.
• Budgeting is simply balancing one's expenses against their revenue.

Answer 2

Answer:

A plan for coordinating income and expenses is known as a budget.

Explanation:

• A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis.
• An individual, a group of people, a corporation, a government, or pretty much anything else that earns and spends money may all have budgets.
• Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen occurrences, and be able to buy expensive products without falling into debt.
• It doesn't have to be tedious, you don't have to be brilliant at arithmetic, and keeping track of your income and expenses doesn't mean you can't buy the items you want.
• Simply put, it means you'll be more in charge of your finances and know where your money is going.

#SPJ6