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Post -Asse ssment Question 1 of 5 What should all budgeting methods have in common? Dividing net income by percentages Putting money in savings for the future Defining different classifications of expenses Using credit cards wisely to build credit history

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Raquel maestro · Tutor durante 5 años
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4.1 (328 Votos)

Respuesta

The correct answer is 'Defining different classifications of expenses'.

Explicación

## Step 1The question asks us to identify what all budgeting methods should have in common. The options provided are:- Dividing net income by percentages- Putting money in savings for the future- Defining different classifications of expenses- Using credit cards wisely to build credit history## Step 2We need to evaluate each option based on its relevance to budgeting methods. ## Step 3The first option, dividing net income by percentages, is a method of budgeting, but it's not a common feature of all budgeting methods. ## Step 4The second option, putting money in savings for the future, is a good financial habit, but it's not a common feature of all budgeting methods. ## Step 5The third option, defining different classifications of expenses, is a common feature of all budgeting methods. This is because budgeting involves categorizing expenses to understand where money is going and to plan for future spending. ## Step 6The fourth option, using credit cards wisely to build credit history, is a good financial habit, but it's not a common feature of all budgeting methods.