which best describes the purpose of recording past income and spending in a budget?\n- to know the historic…

which best describes the purpose of recording past income and spending in a budget?\n- to know the historic cost of goods\n- to serve as the basis for future planning\n- to learn why having savings is important\n- to learn why expenditures are likely to increase

which best describes the purpose of recording past income and spending in a budget?\n- to know the historic cost of goods\n- to serve as the basis for future planning\n- to learn why having savings is important\n- to learn why expenditures are likely to increase

Answer

Brief Explanations:

Recording past income and spending in a budget helps in analyzing patterns and trends. This analysis serves as a basis for making informed decisions about future income - allocation and spending, which is crucial for future financial planning.

Answer:

to serve as the basis for future planning