If you have many competing financial goals, what should you do to help yourself focus on the most important ones? a. get more unearned income. b. prioritize and make a budget. c. open a checking account. d. diversify your investments. please select the best answer from the choices provided a b c d

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21-09-2022
Business

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If you have many competing financial goals, what should you do to help yourself focus on the most important ones? a. get more unearned income. b. prioritize and make a budget. c. open a checking account. d. diversify your investments. please select the best answer from the choices provided a b c d

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qwteddy qwteddy · Answer 1 · 2022-09-23T12:41:12-04:00

If you have many competing financial goals, you should b. prioritize and make a budget.

A budget is a tool for managing goals, costs, and income while working toward financial success over a certain period of time. Budgets are plans for spending money based on income and expenses. In other words, it's a forecast of your earnings and spendings for a given period of time, such as a month or a year.

Recognize your feelings around money. How you keep track of your income and expenses will determine how much money you have to save or spend. You can choose where to make modifications when you can spot patterns.

Put away enough cash for the future. A good budget pushes you to save money for both an emergency fund and other goals like a trip or retirement.

Learn more about Budget here:

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