A personal budget includes all of your expenses as well as your income. When you create a budget it will help you control your finances.
The essential budget categories to include in a personal finance plan are: income, expenses (such as housing, transportation, food, utilities, and debt payments), savings, and discretionary spending.
what are the area that would typically be included in a household budget
The capital budget, the cash budget, and the operating(master) budget.
Budget deficit, surplus, and balanced.
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Here is a related link to a webpage that will provide help with personal budget planning. Also, there is a link on that page to a personal budget worksheet that can help you plan out your budget.
formulation
A personal budget is likely to have very few entries compared to the budget of a large organisation. A user setting up a personal budget could choose to use different worksheets for different aspects of their budget, but it is probably simpler for them to put it on one worksheet.
for a+ all the answers are correct
for a+ all the answers are correct
About 1% of the federal budget is spent on welfare (2% if food stamps are included).
No