Question

Your monthly budget should include:

A) Variable expenses

B) Discretionary expenses

C)Fixed expenses

D) All of the Above


C

D

B

A

Answer 1

D) All of the above.

A good monthly budget should cover:
- Fixed expenses: predictable, recurring costs (rent/mortgage, insurance, loan payments).
- Variable expenses: necessary but change month-to-month (utilities, groceries, gas).
- Discretionary expenses: nonessential spending (dining out, entertainment, subscriptions).

Including all three gives an accurate picture of cash flow and helps with saving and planning.