7/25 you got $200 from your grandma for your birthday. what should you do first? a record it as income in…

7/25 you got $200 from your grandma for your birthday. what should you do first? a record it as income in your budget. b stick it under your bed for safekeeping. c deposit it all straight into your savings account. d spend it.

7/25 you got $200 from your grandma for your birthday. what should you do first? a record it as income in your budget. b stick it under your bed for safekeeping. c deposit it all straight into your savings account. d spend it.

Answer

Brief Explanations:

Proper financial management starts with tracking income. Recording the $200 as income in your budget helps you understand your overall financial situation and plan your spending and saving. Sticking it under the bed is not a secure or organized financial - management practice. Depositing it all into savings might be a good long - term step but not the first one without accounting for it in your budget. Spending it without proper planning can lead to financial disarray.

Answer:

A. Record it as income in your budget.