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One type of household budget is a budget that has all the expenses and income. Another type of budget is for saving up for a major purchase, like a house or car.

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11y ago

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How many types of budget do you have?

Many people only have one budget that helps them manage their finances. Businesses have multiple budgets because they have multiple departments relying on their finances.


What is home budget?

A home budget is a snapshot of your income and expenses, usually expressed over a period of one month. After adding up all of your sources of income, you have established your total amount available to spend. Next, total all of your individual monthly expenses. This may range from your rent or mortgage payment right down to the daily cup of coffee or a magazine. Your budget can be as complex or simple as you need it to be, as long as you honestly estimate your expenses. Your budget should actually balance. A surplus means that you probably are not committing enough to saving. A deficit means you are overspending.


What are some Good conclusion for a home budget?

A good conclusion for a home budget should reinforce the importance of financial discipline and the benefits of tracking expenses. It can summarize the key takeaways, such as identifying areas for savings and ensuring that spending aligns with financial goals. Additionally, it may highlight the need for regular reviews and adjustments to the budget as circumstances change. Finally, it could encourage setting aside funds for emergencies and future investments to enhance financial security.


How many types of deficit in Indian budget?

Currently in 2010-2011 1. Revenue Deficit 2. Fiscal Deficit 3.Primary Deficit. There used to be these 2 more type which have been now abolished 4. Budget Deficit 5. Monetised Deficit ~wt.what@gmail.com


Who draws up the national budget?

the legislative budget board and the officer of budget planning

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