The First Step in Creating a Budget Is to

question 33

Multiple Choice

The first step in creating a budget is to

• A)construct a personal cash flow statement.
• B)prepare for unexpected expenses.
• C)study your personal balance sheet.
• D)construct a net worth statement.

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Definitions:

Bipolar Disorder

A mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Generalized Anxiety

A psychological disorder characterized by excessive, uncontrollable, and often irrational worry about everyday things, significantly surpassing normal anxiety levels.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of daily life.

Major Depressive Disorder

A mental disorder characterized by a persistent and intense feeling of sadness or despair.