Question

To create a(n) _ you need to estimate your income and expenses for a started period.

Answer 1

The correct answer is budget.

If you are creating a personal budget you need to estimate how much your income and expenses will be for a period. This will allow you to make smart financial decisions and hopefully save for things that you need and/or want.

Answer 2

A budget, and also the basis of your financial statement (profit and loss account)