If an expense can be eliminated from your budget to save money, it is considered a .....

INFLATION

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

If an expense can be eliminated from your budget to save money, it is considered a ____

A	Income
B	Want
C	Need
D	Savings

Explanation:

Detailed explanation-1: -Needs are those bills that you absolutely must pay and are the things necessary for survival. These expenses can include rent or mortgage payments, car payments, groceries, insurance, health care, minimum debt payment, and utilities.

Detailed explanation-2: -Discretionary expenses are often defined as nonessential spending. This means a business or household is still able to maintain itself even if all discretionary consumer spending stops. Meals at restaurants and entertainment costs are examples of discretionary expenses.

Detailed explanation-3: -Cable. We saved $70 each month when we finally said goodbye to cable! Cell Phones. Home & Auto Insurance. Going out for Lunch. Memberships and Subscriptions. 6. Entertainment. Clothes. Extra Groceries. More items

Detailed explanation-4: -Download a personal finance app. Take on meal planning and cook at home. Use shopping lists. Cancel cable TV and trim entertainment costs. Reduce your electricity usage. Invest in smart home tech and save. Purchase refurbished and used items.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

INFLATION