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You can use Microsoft office to construct and track a budget.

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15y ago

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Which of these is the best description of fixed expenses?

the budget items that do not vary from month to month.


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.


If Stephen budgets of his money to spend on movies and music. Last month he spent of the budgeted amount. How much of his total budget did he spend on movies and music last month?

To determine how much of his total budget Stephen spent on movies and music, we need to know the specific fraction or percentage of the budgeted amount he spent. If, for example, he spent 75% of his budgeted amount, then he spent 75% of his total budget on movies and music last month. Without the exact figure, we cannot calculate the exact amount.


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Which term represents budget items that change in value from month to month?

variable expenses


What are the advantage of fixed cost?

When costs are fixed, you know what they are from month to month and can budget accordingly.


Budget Software Will Help You Meet Your Goals?

Anyone who is successful will tell you how important keeping to a budget can be. You cannot meet your financial goals without deciding what is important in your life and what you are willing to spend money on. Prioritizing is one of the key steps to becoming financially successful. Fortunately, today we have many different types and brands of budget software that are designed to help you understand your financial picture, so you can be certain you are on the path to meeting your goals financially. Budgeting software is one of the most helpful financial tools for both average people and businesses in today's market. You can use it to find out how your money is doing, where you are overspending, where you can afford to spend more, and to get an overall picture of where you stand financially. Today's software can print reports to show you how you are doing on staying on your budget, how much money you made versus spent in a certain time frame (day, week, month, year, or your choice of time frame), where you overspent your budget, how much you have in your accounts, overall balance sheets, and more. The software available comes from many different companies, but almost all of them can do these basic functions that would be impossible to do alone with paper and pencil. Another thing these programs can do is to show you your percentage of spending in different categories. For example, you may learn that you have spent thirty percent of your spending for the month on your food and grocery bill. Then you can take that information and decide whether you can afford that, or if you need to lower your spending on groceries. The information budget software can provide will be invaluable as you attempt to budget and live within your means. Budget software also eliminates the many mistakes that can happen when you are tracking your budget and spending by yourself. A simple math error can make you feel as if you have failed at keeping your budget, or as if you have more money to spend than you actually do. This can have drastic consequences if you are living on a tight budget. Budget software is done on the computer, so it won't make these human errors as it helps you stay on your budget. Aside from avoiding errors, the software also gives you an accurate picture of your financial situation. Budget software is a valuable tool for ensuring you use your budget to meet your financial goals.