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This is Paula's monthly budget What percent of her expenses is spent on insurance?
20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.
Limitation of budget?
A limitation of a budget is that they may not account for the fact that monthly expenses are not always the same. They may also fail to address unexpected expenses.
What is the basic difference between recurrent budget and capital budget?
Recurrent budget is an ongoing budget or expenses that occur either monthly, quarterly or annually, and somewhat predictable e.g. electric bill, grocery, rentals; while developmental budget is non recurring budget that is not expected e.g. wedding, accident, hospitalization
Why is it difficult to budget for variable expenses?
It's dificult to budget for vaiable expenses because variable expenses change based on a number of factors.
What two basic elements of a budget are income and expenses?
Actually, income and expenses are the two basic elements of a budget.
This is Paula's monthly budget What percent of her expenses is spent on insurance?
20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.
If you plan to spend 9 percent of your monthly income on medical expenses how much would you budget for a monthly income of 1550?
If you plan to spend 9 percent of your monthly income on medical expenses, you would budget $139.50 for a monthly income of $1550.
Is there a monthly budget calculator online?
There are great free monthly budget calculators online where you can figure out your monthly budget expenses. Simply go to any bank's official website, and on their page, you will find a free to use monthly budget calculator.
When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities?
Divide the utility expense by the monthly budget. Multiply the result by 100.
How to use a financial calculator online to budget monthly expenses?
Online financial calculators are a great way to plan out your monthly budget. There will be a section on income, where you enter all of the money coming into your account in a month. There will also be an expenses section where you enter all of your monthly outgoings. You can then calculate if there is a surplus or deficit on your monthly budget.
Limitation of budget?
A limitation of a budget is that they may not account for the fact that monthly expenses are not always the same. They may also fail to address unexpected expenses.
What does a budget look like?
A budget is usually a set of money put aside that is a limit for weekly, monthly, or yearly spending. Most budgets include all necessary expenses and a small miscellaneous fund.
What is the best way to keep to a budget?
You should make sure that all of your planned monthly expenses do not exceed your monthly income.
How do you make a budget?
In making a budget, whether it be envelope budgeting or what have you, the initial step is to list of your fixed monthly expenses on paper or a spreadsheet. Pull your bank statements for the past year and review so you don't forget listing any expenses. Next you list your net monthly revenue, ie: net paycheck amount.. Then, you subtract monthly expenses from the revenue to determine your monthly cash flow.
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 are 3 expenses other than the automobile payment?
Three main monthly expenses to keep track of: Rent Food budget Cable bill
What are the utilities in a family budget?
A family budget is made up of items that fall into these categories: Fixed expenses, variable expenses, periodic expenses and incidentals. Fixed expenses. These are predictable, recurring items that do not change in size, nor schedule. Examples are: monthly rent, cable bill, gym membership... Variable expenses: These are regular expenses that might fluctuate in the amount of the bill. These might include utilities like the electric bill, the gas bill, the water bill or expenses like gas for your car. Periodic expenses: Expenses like the yearly registration of your car(s) fall under this category. They occur regularly but not so frequently that they are always remembered in a monthly budget. Lastly, incidental expenses: This covers things like replacing a blown-out tire, printer ink, a birthday gift for a friend, an ipod... purchases that are more of a singular event than a recurring expense.
