Balancing a Budget

Remember the budgeting rule we learnt in the earlier module:

Once we have added up all Income and all Expenses, the Result must be zero or have a surplus balance.”

A budget is not workable if it is in deficit. This leaves your client with only two options to fix this.

 

 

How did you go?

Could you list five options for both in generating income and reducing expenses?

You can download an option list as a resource here:

Module 7 – Options to Balance a Budget