QUESTION $23$

Lori is a sophomore in college. Her major sources of income during the academic year are student loans,

scholarships and a check at the beginning of each semester from her grandmother for room and board. Lori wants to

set up a budget, but is wondering what time frame she should use since she only receives money a couple times a

year. Based on what you've learned about budgeting, what time frame might work well for her?

a$.$ on a weekly basis because it's easier to manage short time$-$frames.

b$.$ on a yearly basis to represent the full academic year.

c$.$ on a monthly basis because that's what most people do$.$

d$.$ by semester since she recieves most ofher income at the beginning of each semester.