Question

Which of the following best explains how budgeting helps consumers reach their financial goals? A)budgets provide consumers with the product information needed to make well-informed goals. B)Budgets allow consumers to control how much money they have going out for expenses. C)budgets enable consumers to find the lowest prices for the goods and services they need. D)budgets help consumers compete with producers for scarce natural resources.

Answer 1

Answer:

A financial plan is a guide that keeps you on the way to achieve your money related objectives. Planning monitors your funds, indicates when you have to make changes in accordance with your spending, and encourages you choose where your cash goes as opposed to pondering where everything went.  

Planning encourages you answer these vital inquiries:  

Where does all my cash go?  

Is there an approach to spend less?  

By what means will I handle unforeseen costs like supplanting a broken PDA or fixing my vehicle?  

By what means can placing cash into reserve funds assist me with a portion of my greater money related objectives?  

Planning encourages you accomplish scholarly and money related objectives.  

Recording your objectives is the initial phase in making an arrangement to make them substances. A spending will likewise enable you to get ready for sudden costs and deterrents. Planning includes testing basic leadership, however defining objectives will settle on the intense decisions somewhat simpler.  

As you make a financial plan, you'll need to set short-, medium-, and long haul objectives and keep tabs on your development toward accomplishing them.  

Answer 2

A budget is a guide that keeps you on the path to reach your financial goals. Budgeting keeps your finances under control, shows when you need to make adjustments to your spending, and helps you decide where your money goes instead of wondering where it all went.

Budgeting helps you answer these important questions:

Where does all my money go?

Is there a way to spend less?

How will I handle unexpected expenses like replacing a broken cell phone or repairing my car?

How can putting money into savings help me with some of my bigger financial goals?

 

Budgeting helps you achieve academic and financial goals.  

Writing down your goals is the first step in creating a plan to make them realities. A budget will also help you prepare for unexpected expenses and obstacles. Budgeting involves challenging decision-making, but setting goals will make the tough choices a little easier.

As you create a budget, you’ll want to set short-, medium-, and long-term goals and track your progress toward achieving them.