Question

To create a balanced budget, one must make sure to

A- spend as little as possible
B- pay credit card payments first
C- spend less than or equal to income
D- pay off debts first

Answer 1

Spend less than or equal to income

Answer 2

To create a balanced budget, one must make sure to spend less than or equal to income. Correct answer: C

Balanced budget is a financial plan that stipulates expenditures should equal revenues and not be higher than revenues. for having balanced budget one cannot spend more than its income.