Budgeting is an important tool for saving. First, you need to segregate all…

Budgeting is an important tool for saving. First, you need to segregate all your income and expenses.

Then categorise your expenses as least important, important and very important so that you can prioritise them while settling them through your limited income.

Try to figure out ways in which you can curtail expenses.

Make sure that your income is greater than your expenses by as wide a margin as possible.

The surplus fund after meeting all expenses becomes your saving. Only after savings are assured should you think about investment.

Which of the following is the correct chronology of steps inferred from the passage?