quiz\nwhen is a budget considered to be balanced?\nwhen the amount you spend is equal or less than the…
quiz\nwhen is a budget considered to be balanced?\nwhen the amount you spend is equal or less than the amount you earn.\nwhen the amount you spend is greater than the amount you earn.\nwhen the amount you save is less than the amount you spend.\nwhen the amount you earn is equal or less than to the amount you spend.
Answer
Brief Explanations:
A balanced budget is a financial planning concept where total revenues or earnings are equal to or greater than total expenses or spending. In personal finance, a budget is considered balanced or healthy when the individual does not spend more money than they bring in, ensuring that all costs are covered by the available income without incurring debt.
Answer:
When the amount you spend is equal or less than the amount you earn.