Question

the purpose of a budget is to plan your spending and saving, considering your income level, so that you can meet your long-term dreams only intermediate-term dreams and goals needs and wants immediate needs only

Explanation:

A budget is used to plan spending and saving based on income to meet both essential (needs) and non - essential (wants) requirements. "Long - term dreams only" and "immediate needs only" are too narrow. "Intermediate - term dreams and goals" is also not as comprehensive as covering needs and wants.

Answer:

C. needs and wants