When Creating a Budget, It Is Important to

question 48

Multiple Choice

When creating a budget, it is important to

• A) Save the amount you have left at the end of the month.
• B) Set aside savings after your variable expenses are paid.
• C) Save an amount no more than 3% of your annual income in an emergency fund.
• D) Spend the amount of money you have budgeted in each category.
• E) "Pay yourself first" by setting aside savings before other expenses are budgeted.

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