Question
Which of the following information is needed when creating an effective budget?(1 point)
Responses
net income, variable expenses, fixed expenses, and savings
net income, variable expenses, fixed expenses, and savings
net income, variable income, fixed income, and savings
net income, variable income, fixed income, and savings
gross income, variable income, fixed income, and savings
gross income, variable income, fixed income, and savings
gross income, variable expenses, fixed expenses, and savin
Responses
net income, variable expenses, fixed expenses, and savings
net income, variable expenses, fixed expenses, and savings
net income, variable income, fixed income, and savings
net income, variable income, fixed income, and savings
gross income, variable income, fixed income, and savings
gross income, variable income, fixed income, and savings
gross income, variable expenses, fixed expenses, and savin
Answers
GPT-4o mini
The most effective choice when creating a budget includes:
**net income, variable expenses, fixed expenses, and savings**
This option accounts for the actual income you have available after taxes (net income) and categorizes expenses correctly, allowing for a comprehensive overview of your financial situation.
**net income, variable expenses, fixed expenses, and savings**
This option accounts for the actual income you have available after taxes (net income) and categorizes expenses correctly, allowing for a comprehensive overview of your financial situation.