What Is the First Step of Building Your Own Budget

question 62

Multiple Choice

What is the first step of building your own budget?

• A)List all of your fixed payments
• B)Record your income and when you receive it
• C)List all of your extraordinary expenses
• D)List all of your variable monthly expenses

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Definitions:

Secondary Sources

Informational materials that interpret, critique, or analyze primary sources, often used in academic research.

Uniform Law

A model law created by the National Conference of Commissioners on Uniform State Laws and/or the American Law Institute for the states to consider adopting. If a state adopts the law, it becomes statutory law in that state. Each state has the option of adopting or rejecting all or part of a uniform law.

Statutory Law

The body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law).

Secondary Source

Information that has been compiled, summarized, or quoted from primary sources, often used in academic and historical research.