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Which of the following is not a component of a budget?

Which of the following is NOT a component of a budget?

  • Giving
  • Income
  • Saving
  • Credit score



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2 Answers

  1. Explanation:

    • Income, Saving, and Giving are all components of a budget:
      • Income: The money you receive, which forms the basis of your budget.
      • Saving: Allocating a portion of your income to savings accounts or investments.
      • Giving: Setting aside funds for donations or charitable contributions.
    • Credit score is not a component of a budget:
      • A credit score is a numerical representation of your creditworthiness, used by lenders to evaluate your ability to repay debts.
      • While your credit score can be affected by how you manage your budget (e.g., timely bill payments), it is not a direct component of the budget itself.