ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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savings
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loan
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budget
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credit
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Detailed explanation-1: -Begin by listing your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities and car payments. Next list your variable expenses-those that may change from month to month, such as groceries, gas and entertainment. This is an area where you might find opportunities to cut back.
Detailed explanation-2: -An operating budget is a detailed projection of what a company expects its revenue and expenses will be over a period of time.
Detailed explanation-3: -Calculate your monthly income, pick a budgeting method and monitor your progress. Try the 50/30/20 rule as a simple budgeting framework. Allow up to 50% of your income for needs. Leave 30% of your income for wants. Commit 20% of your income to savings and debt repayment. More items •02-Dec-2022
Detailed explanation-4: -Housing. Whether you own your own home or pay rent, the cost of housing is likely your biggest monthly expense. Utilities. Vehicles and transportation costs. Gas. Groceries, toiletries and other essential items. Internet, cable and streaming services. Cellphone. Debt payments. More items •26-Sept-2022