ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Budget
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Gross Income
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Zero-Based Budget
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Intermittent Expense
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Detailed explanation-1: -Discretionary Expenses So, groceries are a variable expense, but dining out is a discretionary expense.
Detailed explanation-2: -Types of Discretionary Expenses Vacations and travel expenses. Automobiles. Alcohol and tobacco. Restaurants and other entertainment-related expenses.
Detailed explanation-3: -Our 50/30/20 calculator divides your take-home income into suggested spending in three categories: 50% of net pay for needs, 30% for wants and 20% for savings and debt repayment.
Detailed explanation-4: -Zero-based budgeting is a method that has you allocate all of your money to expenses for needs and wants, as well as short-and long-term savings and debt payments. The goal is that your income minus your expenditures equals zero by the end of the month.