What is the primary purpose of creating a budget?
SYND 10 1 76 OAU SUMMIT OPENS

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Business, Economics, Finance
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9th - 10th Grade
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To track daily expenses
To plan for future financial goals
To increase monthly income
To reduce taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key component of a budget?
Interest rates
Savings account number
Income and expenses
Credit score
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can budgeting help in financial planning?
By reducing monthly bills
By increasing investment returns
By providing a clear picture of financial status
By eliminating all debts
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common mistake people make when budgeting?
Ignoring savings
Underestimating expenses
All of the above
Overestimating income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which strategy can improve budgeting effectiveness?
Setting unrealistic goals
Tracking expenses regularly
Ignoring unexpected costs
Avoiding financial advice
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