Question

The first step in creating a budget is to identify your expenses. true or false.

Answer 1

The answer is True. Hope this helps

Answer 2

Answer: True

Step-by-step explanation:

Yes, the given statement is true that the initial or the first step of creating a proper budget we always create a list and then identify our expenses according to the specific requirement.

We should always keep the all the financial records regularly so that we can make the proper budget list of the expenses. The budget is basically depend upon the individual living requirement, expenses and the income.