Question

Planning a budget. (Defination + steps + example)
Please its urgent!!!

Answer 1

Answer:

Step-by-step explanation:

Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget

steps  

1. CALCULATE EXPENSES :Your first order of business is finding out exactly how much you’re spending each month. Do this by consulting your bank statements, receipts and financial files

2. DETERMINE YOUR INCOME

3. SET SAVINGS AND DEBT PAYOFF GOALS

4. RECORD SPENDING AND TRACK PROGRESS

5. BE REALISTIC