True or False!Versión en línea Match the statements with the true or false answer por Meg Ryan 1 True 2 False Setting yourself short and long-term goals will keep you motivated to achieve a budget surplus. Budget: an estimate of income and spending for a given period of time. A short term goal is something you want to achieve in the near future. Surplus: more (income) receipts are made than payments. A receipt can be a wage, salary or pocket money. A deficit is when more payments have been made than receipts? Once I set out my budget for a month, I would be happier if I achieve a surplus than a deficit? I have $150, I spend $30 on dinner, $50 on a new top and $65 on mobile plan. I am in a deficit? An example of payments is wages, salary or pocket money? A deficit is when more (income) receipts are made than payments. Receipts are the process or paying someone for a good or service. A payment is when payments or money have been received? It is not important for you to be realistic when you are planning your financial goal. If I have $100 for the week, spend $50 on my mobile, $30 on food and $35 on clothes. I will have a surplus.
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