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1 June, 10:30

To ensure that you do not have a total consumption budget, which two categories should be added to your budget

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  1. 1 June, 10:44
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    If these were the missing choices:

    A. savings and checking

    B. savings and miscellaneous

    C. savings and vacation

    D. vacation and miscellaneous

    My answer would be: B. savings and miscellaneous

    Total consumption budget is defined as a budget where every centavo is allocated to a planned need like shelter, food, water, etc. There is no residual amount in this budget because the net balance is 0. Thus, for a budget not to become a total consumption budget, there must be some left over amount for discretionary spending like savings and other miscellaneous expenses.
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