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How does a budget differ when you have an irregular income vs a predictable income?
Wiki User
∙ 9y ago
If a person has predictable income this means that they can create a budget that stems out for weeks or months without having to change it much. A person with irregular income streams will need to create a budget with shorter time frames as they will need to make adjustments more often. It is best to budget irregular income on a weekly or bi-weekly basis.
Wiki User
∙ 9y ago
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What financial product has the most predictable income?
Stock
What two basic elements of a budget are income and expenses?
Actually, income and expenses are the two basic elements of a budget.
What budgets are prepared before the sale budget is it the budget income statement or the direct labor budget?
NONE
A budget is used to do which of the following?
Plan income and expenses.
What is the purpose of the national budget?
To keep expenses below income
What financial product has the most predictable income?
Stock
What are irregular cash inflow?
A cashflow that is different than usual or unexpected An irregular cash flow is when there is something different about the income than usual, like a negative effect. The credit crunch is an example of how businesses can get irregular cash inflow. Irregular cash flow is money that you can not budget for each month because they are unknown cost.
What is a budget calculator used for?
A budget calculator is used for people to create a budget for themselves. All income is accounted for and then all expenses are taken from the income.
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
What two basic elements of a budget are income and expenses?
Actually, income and expenses are the two basic elements of a budget.
How will an increase in income affect the budget line?
if the consumer`s income changes it will influence the budget line and it will shift to the right.
What is the primary disadvantage to having to having a total consumption budget?
With a total consumption budget, there is no net income or savings.
How can I budget my income funds better?
There are many websites that will help you establish a budget. There are even websites such as mint.com and lemon.com that create a budget for you based on your income and spending habits.
What is south African budget based on is it on required or general or expected or earned income and spending?
The South African budget is based on the the expected income and spending. The South African budget is based on the tax collected and the expected or earned income.
What is the difference between regular and irregular income?
Regular income is paid to you on a scheduled basis such as once a month, once a week, etc. Irregular income comes to you without a schedule, when you sell a painting, finish a job, etc.
What budgets are prepared before the sale budget is it the budget income statement or the direct labor budget?
NONE
What is balanced budget?
A budget for which expenditures are equal to income. Sometimes a budget for which expenditures are less than income is also considered balanced. The concept is often discussed in reference to the federal government.
