ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following expenses should be included in a typical budget?
A
Taxes
B
Cell Phone
C
Savings
D
Housing
Explanation: 

Detailed explanation-1: -In addition to the cost of the housing, whether it is rent, a mortgage payment, or real estate taxes, fees for utilities such as electricity and gas as well as insurance for the property are also part of household expenses. The needs of each person accounted for in the household also fall under these costs.

Detailed explanation-2: -Housing expenses consist of shelter (mortgage payments, property taxes, or rent; maintenance and repairs; and insurance), utilities (gas, electricity, fuel, cell/telephone, and water), and house furnishings and equipment (furniture, floor coverings, major appliances, and small appliances).

Detailed explanation-3: -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

Detailed explanation-4: -Cost of Goods Sold. Operating Expenses. Financial Expenses. Extraordinary Expenses. Non-Operating Expenses.

Detailed explanation-5: -Housing or Rent. Housing and rental costs will vary significantly depending on where you live. Transportation and Car Insurance. Travel Expenses. Food and Groceries. Utility Bills. Cell Phone. Childcare and School Costs. Pet Food and Care. More items •25-Jan-2023

There is 1 question to complete.