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What else can I help you with?
What are the two sides of budget?
revenues (income) and expenses
How is gross income different from net income?
net income is gross income less expenses
A family spends 20 of its monthly income on food 23 on rent and 42 on other expenses and saves the balance If the family saves 360 per month what is its monthly income?
20%(food) + 23%(rent) + 42%(other expenses) = 85% food, rent, and other expenses is 85% of the income so then the savings is 15% of the family income 100% - 85% = 15%(savings) 360(savings) is 15% of the family income 15/100 = 360/x if 360 is 15% of the family income the total of the family income is 2400 20%(food) + 23%(rent) + 42%(other expenses) = 85% food, rent, and other expenses is 85% of the income so then the savings is 15% of the family income 100% - 85% = 15%(savings) 360(savings) is 15% of the family income 15/100 = 360/x if 360 is 15% of the family income the total of the family income is 2400
What two quantities does a budget balance?
Income and expenditure.
Spending more than you receive is call what?
Spending more than you receive is called overspending. This occurs when expenses exceed income, leading to potential financial strain or debt. It can result from various factors, including poor budgeting, unexpected expenses, or lifestyle inflation. Managing spending and creating a budget can help avoid overspending.
What is a good method of increasing income so that it covers all expenses in a budget?
Getting another job or working overtime .
Which of these is a good method of increasing income so that it covers all expenses in a budget?
Getting another job or working overtime
Which of the following is a good method of increasing income so that it covers all expenses in a budget?
Getting another job or working overtime
Which of these is a good method of increasing income so that it covers all expenses ina budget?
Getting another job or working overtime
What two basic elements of a budget are income and expenses?
Actually, income and expenses are the two basic elements of a budget.
How do you make budget?
write down all your expenses and income. include a portion of your income for miscellaneous expenses. subtract your expenses from your income; if the answer is a positive number, then you have a budget surplus; if the number is 0, then your budget is in balance; if the number is negative, then you have a budget shortfall
A budget is used to do which of the following?
Plan income and expenses.
What are two parts of a budget?
income and expenses
How is a budget is made?
Figure out your income,List your expenses,Categorize your expenses,Determine if expenses are below income, and Reduce expenses in flexible categoris if nessecary.
How is a budget made in steps?
Figure out your income,List your expenses,Categorize your expenses,Determine if expenses are below income, and Reduce expenses in flexible categoris if nessecary.
What are the two sides of budget?
revenues (income) and expenses
How can I effectively budget for recurring expenses?
To effectively budget for recurring expenses, track your expenses, prioritize essential costs, set aside a portion of your income for these expenses, and adjust your budget as needed to stay on track.
