Lora Romero has developed a budget that she follows each month. She went to the office supply store and purchased a spiral notebook. Each month she writes what she plans to spend in the various categories. At the end of the month, she writes the amount that she actually spent in each of these categories and compares this with the budgeted amounts. What type of budget has Lora created? Matiple Croice Mental budget Physka budget Wiaten buaget Computerised budget None of these choices are correct. A budget deficit would result when a person's or family's: Multiple Choice actual spending is less than planned spending. assets exceed liabilities. actual spending is greater than planned spending. net worth decreases