ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
You’re considering moving into a 3 bedroom apartment with 2 roommates, rather than living on your own post-college. Mark which of YOUR expenses would likely decrease by having roommates.
A
Groceries and eating out
B
Rent
C
Cell phone bill
D
Bedroom furniture
Explanation: 

Detailed explanation-1: -Which of these costs would be the MOST difficult to adjust if you were looking to reduce your expenses? Money that is earned from work, investments, business, etc.

Detailed explanation-2: -Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).

Detailed explanation-3: -Key Takeaways. To budget for an apartment, you’ll need to find out the costs for your rent, insurance, food, transportation, entertainment, and possibly utilities. Ask your landlord about any miscellaneous fees, either one-time fees or ongoing, monthly costs, that will affect your expenses.

Detailed explanation-4: -Rent. Dividing rent between roommates is something that should be discussed immediately. Utilities. Groceries and cleaning supplies. Other possible expenses. 21-Jul-2022

There is 1 question to complete.