Question

If you notice that you’re spending too much in a certain budget category, what are some things you could do to fix the shortfall?.

Answer 1

Some of the things which a person can do to adjust his spendings on a budget are:

• Reduce spending habits
• Make more money to finance the new purchases.

What is a Budget?

This refers to a financial plan where a person has made different allocations as to where certain monies would go to to avoid impulse spending.

With this in mind, we can see that if a person is spending too much, in a particular category, then he would have to either reduce spending or make more money.

Read more about budgeting here:
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