Question

Which of the following is/are step(s) for planning a realistic budget?

पर्याय

• Estimating the cost of desired items

• Bringing expected income and expenditures into balance

• Estimating the cost of desired items

• All the above

Answer 1

All the above

Explanation:

The five steps for planning a realistic budget are:

1. List commodities and services required by family members throughout the proposed budget period.
2. Estimate the cost of desired items.
3. Estimate the total expected income.
4. Bring expected income and expenditures into balance.
5. Check plans to see that they have a reasonable chance of success and possibilities of savings for the future.