Select the correct answer.

Question

Marcus has reviewed his budget and discovered that he is spending more than he makes. Which of the following budget categories should he focus on reducing spending first?

A.
insurance
B.
car payment
C.
mortgage
D.
food

Answer 1

D. food

When someone is looking to reduce spending, discretionary expenses often provide the most flexibility. While insurance, car payments, and mortgages are typically fixed expenses that may be more difficult to alter in the short term, food costs can often be adjusted by choosing less expensive options, cooking at home more, or cutting out non-essential items.