0
What is an example of a recurring expense for a household budget?
Wiki User
∙ 10y ago
An example of a recurring expense for a household budget is the rent or mortgage. Other examples are food costs, the phone bill and electricity costs.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What are the benefits of expense tracking software?
There are numerous benefits of the expense tracking software. When this software is used for household budget tracking purpose, it helps to keep track on daily and monthly expenses. When this software is used for projects, it helps to maintain the list of expenses and vendor information.
Is depreciation expense part of a cash budget?
yes
How are the statistics revenue expense and operating budget related?
ask your brain
Why is it important to separate capital budgets from expense budgets?
When you budget for capital expenditures, you plan to buy assets. Assets include equipment and property that you expect to last more than one year. The budget for these purchases must come from cash on hand to qualify as capital budget expenditures. You must have a capital budget so you can continue to grow your business by purchasing assets that will produce income. Expenses Budgeting Your operational budget covers day-to-day expenses. This can include wages, rent, utilities and purchases of items that are intended to last less than a year. If you borrow money for capital expenditures, the expense comes out of your operational budget because you will have to service that loan with monthly payments. The operational budget tells you how much cash you need to take in each month to cover your bills.
Why should you treat savings as an expense in your budget?
To guarantee you save instead of spend the money.
How does one budget their household finance?
"When creating a household budget, the first step is to account for all available sources of income each month. The second step is to make a list of recurring monthly expenses as well as foreseeable expenditures (such as possible car repairs or medical expenses). Don't forget to set aside money for vacations or large purchases if desired. Lastly, write down the cost of each expense listed. Add them up. Subtract this amount from the available money to see whether you are operating your household on a surplus or a deficit."
What is an example of Fixed Expense?
The budget items that always have the same value over a given time period
What is the household budget template?
The household budget template is a chart, grid, list or spreadsheet outlining the monetary use of household income. Household budget templates help consumers accurately manage household funds.
What is an example of a fixed expense thats paid for with discretionary funds?
Budget items that remain the same month to moth is an example of a fixed expense that is paid for with discretionary funds. Discretionary fund is the money that is subject to one's own control.
What can be learned from making a household budget?
Undertaking this task will develop organisational skills, number skills (maths), problem solving skills as you will need to assesses what is firstly an essential expense and the priorities do to the non essential nice to have. It will then once the budget is formed teach a level of disciple as you will need to keep that budget
What are the benefits of expense tracking software?
There are numerous benefits of the expense tracking software. When this software is used for household budget tracking purpose, it helps to keep track on daily and monthly expenses. When this software is used for projects, it helps to maintain the list of expenses and vendor information.
List the areas or items that should typically be included in a household budget?
what are the area that would typically be included in a household budget
Preparing a budget showing both anticipated and actual expenses What kind of budget would it be?
It would be an expense budget.
Is depreciation expense part of a cash budget?
yes
What can I do a spreadsheet about?
Spreadsheets are used for numerical analysis and manipulation, so you could do anything to do with numbers. A simple household budget would be one example.
What is a budget blind spot?
A "blind spot" is an expense a person overlooked or did not account for when drawing up a budget.
What to do when your husband's expenses exceeds household budget?
Discuss a budget plan with your husband and stick to it.
