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Definition: A __________________________ is your list of all income and planned expenses.

1 Answer

2 votes

Answer:

personal budget

Explanation:

Drawing up a budget is a good way to plan your expenditure based on how much money you expect to receive. Budgets are often estimates, because you cannot easily include unexpected expenses in a budget. However, you can plan to save some money that you can use in the event of an unexpected expense. Budgeting includes normal monthly budgeting and budgeting for particular expenses, such as an expensive item that you want to buy, a project or a trip overseas.

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