Question

Which statements best summarize the principles you should use when budgeting? Check all that apply.
Your discretionary spending should be a higher priority than mandatory spending.
You need to be mindful of whether an expense is truly a need, or just a want.
Spending on wants will enable needs to take care of themselves.
The more you save, the more easily you can reach long–term goals.
To create a budget, you need to start by determining your short–term and long–term goals.

Answer 1

Answer

You need to be mindful of whether an expense is truly a need or just a

want.

D. The more you save, the more easily you can reach long-term goals.

E. To create a budget, you need to start by determining your short-term

and long-term goals.

Explanation:

Budgeting is that the method of coming up with, implementing and operative budgets. it's the social control method of budget designing and preparation, monetary fund management and therefore the connected procedures. Budgeting is that the highest level of accounting in terms of future that indicates an exact course of action and not simply news.

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Answer 2

Answer:

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