Asked by Jonique Smith on May 12, 2024
Verified
A budget is necessary only for those with a substantial income.
Budget
A plan for managing income and expenditure over a specific period.
Substantial Income
A significant amount of money earned, usually enough to support a high standard of living or fulfill financial goals.
- Comprehend the significance and principles of budgeting within personal financial management.
Verified Answer
SN
Siti Nur Syatira Azwa Binti AmmeranMay 13, 2024
Final Answer :
False
Explanation :
A budget is necessary for individuals at all income levels to manage their expenses, save money, and plan for financial goals.
Learning Objectives
- Comprehend the significance and principles of budgeting within personal financial management.