What are the main purposes of a budget?
A budget helps create financial stability. By tracking expenses and following a plan, a budget makes it easier to pay bills on time, build an emergency fund, and save for major expenses such as a car or home. Overall, a budget puts a person on stronger financial footing for both the day-to-day and the long term.
What are the main purposes of a budget quizlet?
A budget allows you to meet your personal goals with a system of saving and wise spending. Main purposes are Budget are Live within your income, Make wise buying decisions, Avoid credit problems, Plan for financial emergencies, Develop money management skills, Achieve your financial goals.
Which of the following is not part of the operating budget?
Accordingly, cash budget is not part of the operating budget.
Which of the following is not a principle of budget making?
Accrual principle is not followed in capital budgeting.
Question: Question 15 4 pts Which of the following is NOT a main purpose of a budget? Help to live within your income Prepare for financial emergencies O Reach financial goals Develop wise financial management habits Spend your money without care This problem has been solved!
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