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True or false: when estimating expenses, developing an amount that one can live within is the best approach

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True, when estimating payments, developing an amount that one can live within is the best approach.

What is a right way to estimate expenses?

The most common way to assess costs is to make a list of items you need and add up their costs. Make sure you include all relevant costs, such as tools and parts, materials and supplies, labor, financing, fees and licensing, vehicle, and investment costs for land or facilities.

Why are estimates used when creating a budget?

The budget estimate approximates the time and resources needed to plan and conduct a project and develop and execute a viable budget.

To learn more about  estimating payments, refer

https://brainly.com/question/28179241

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