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What is most easily be removed from a budget if spending is higher than income?
discretionary spending
What can most easily be removed from a budget if spending is higher than income?
Discretionary spendingDiscretionary spendingDiscretionary spending
How a budget can be controlled?
Regular monitoring against the agreed budget, compliant to the spending and income streams and reviews of under performance
If unnecessary expenses have been removed from your budget what can you do if your expenses still exceed your income?
Work overtime or get another job.
What plan for spending money that balances income and expenses?
A plan for spending money that balances income and expenses is called a budget. It involves tracking all sources of income and categorizing expenses into fixed (like rent or mortgage) and variable (like groceries or entertainment). By allocating funds to each category and monitoring spending, individuals can ensure they live within their means, save for future goals, and avoid debt. Regularly reviewing and adjusting the budget can help maintain financial stability.
What is most easily be removed from a budget if spending is higher than income?
discretionary spending
What can be easily be removed from a budget if spending is higher than income?
Discretionary spendingDiscretionary spendingDiscretionary spending
What can most easily be removed from a budget if spending is higher than income?
Discretionary spendingDiscretionary spendingDiscretionary spending
What can most easily be removed from a budget if spending is higher then income?
If spending exceeds income, non-essential expenses can typically be the easiest to remove from a budget. This includes discretionary items like dining out, entertainment subscriptions, and luxury purchases. Additionally, reducing expenses related to hobbies or leisure activities can also help balance the budget. By prioritizing needs over wants, individuals can quickly adjust their spending to align with their income.
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.
Definition of budget cycle?
managed the income and spending the balance
What is it called when government spending does not exceed it income?
Balanced budget
What is plan saving and spending your income called?
The plan for saving and spending your income is called a budget. A budget helps you allocate your income towards various expenses, savings, and investments, ensuring that you manage your finances effectively. By creating a budget, you can track your spending, set financial goals, and make informed decisions about your money.
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 budget actually about?
an estimate of income and spending for a set period of time .
How a budget can be controlled?
Regular monitoring against the agreed budget, compliant to the spending and income streams and reviews of under performance
What is a personal budget in which expected income exceeds expected spending called?
A personal budget in which expected income exceeds expected spending is called a surplus budget. This type of budget indicates that an individual or household is projected to have more income than expenses, allowing for savings, investments, or debt repayment. A surplus budget is often seen as a positive financial situation, providing flexibility and opportunities for future financial goals.
