2. Budgeting

Question 1

Cash Budgets

Answer 1

A budget is a financial plan that shows expected future receipts and expected future payments over a given period of time.

Question 2

Ways to increase your cash

Answer 2

Cut back on some of her payments
Earn more income

Question 3

The purpose of a budget is to help you:

Answer 3

manage your money so that you can purchase goods and services without getting into financial difficulties

manage your spending so that you have cash available to make a desired purchase eg a car

reflect on your spending habits and find areas where you might be spending too much