ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Your monthly budget should include:
A
Variable expenses
B
Discretionary Expenses
C
Fixed Expenses
D
All of the above
Explanation: 

Detailed explanation-1: -A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows.

Detailed explanation-2: -And the internet is full of articles on the elements needed to create an effective budget: income, fixed expenses, variable expenses, and unplanned expenses. Those things are important, and plenty of financial experts can tell you how to incorporate them into a budget.

Detailed explanation-3: -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

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

There is 1 question to complete.