what are the main purposes of a budget? select three options.\n□ to record past income and spending\n□ to…

what are the main purposes of a budget? select three options.\n□ to record past income and spending\n□ to take out a student loan from the bank\n□ to plan future income and spending\n□ to apply for a mortgage\n□ to balance available resources and expenses

what are the main purposes of a budget? select three options.\n□ to record past income and spending\n□ to take out a student loan from the bank\n□ to plan future income and spending\n□ to apply for a mortgage\n□ to balance available resources and expenses

Answer

Brief Explanations:

A budget is a financial - planning tool. It records past income and spending to understand financial history, plans future income and spending to set financial goals, and balances available resources and expenses to ensure financial stability. Taking out a student loan or applying for a mortgage are not the main purposes of a budget.

Answer:

to record past income and spending to plan future income and spending to balance available resources and expenses