which best describes the purpose of recording past income and spending in a budget?\n to know the historic…

which best describes the purpose of recording past income and spending in a budget?\n to know the historic cost of goods\n to serve as the basis for future planning\n to learn why having savings is important\n to learn why expenditures are likely to increase

which best describes the purpose of recording past income and spending in a budget?\n to know the historic cost of goods\n to serve as the basis for future planning\n to learn why having savings is important\n to learn why expenditures are likely to increase

Answer

Brief Explanations:

Recording past income and spending helps in analyzing patterns and making informed decisions for future financial planning. It provides a basis to set budgets, allocate resources, and anticipate future needs.

Answer:

to serve as the basis for future planning