You Have a Budget for Your Personal Finances

Multiple Choice

You have a budget for your personal finances. Which of the following statements best explains this statement?

A) You use your budget to show the difference between what you earn (income) and what you spend (expenditures) .
B) Budgets are for poor individuals.
C) You use your budget to measure your creditworthiness.
D) Budgets are a tool students use to figure out whether or not they can afford the next semester.