If your expected expenses exceed your income, what should you do?

Determine steps to balance the budget.

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  1. Ignore it and hope for the best
  2. Borrow more to cover the gap
  3. Determine steps to balance the budget ✔

Why: When expenses exceed income, you identify steps to balance the budget, such as cutting costs or raising income.

Huh, didn't know that: When expenses exceed income, you identify steps to balance the budget, such as cutting costs or raising income.

The dad joke
Balance the budget before it tips you over.
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References

Answer: Determine steps to balance the budget. When expenses exceed income, you identify steps to balance the budget, such as cutting costs or raising income.

  1. Scouting America: Personal Management www.scouting.org/merit-badges/personal-management
    If expenses exceed budget income, determine steps to balance your budget
    Checked 2026-11-07.

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