Which statement is true of a household budget? (1 point) Responses Essential expenses should be reduced. Essential expenses should be reduced. Interest should not be calculated as income Interest should not be calculated as income Income should be more than expenses. Income should be more than expenses. Variable expenses should be removed.
5 answers
Income should be more than expenses.
Which statement describes a variable expense? (1 point) Responses Chrystal pays $120 each month for access to high-speed internet at her house Chrystal pays $120 each month for access to high-speed internet at her house Gemma’s mortgage payment is exactly $784.56 every month. Gemma’s mortgage payment is exactly $784.56 every month. John makes an $89 payment each month on his new mobile phone John makes an $89 payment each month on his new mobile phone Mia’s electricity bill total depends on how much electricity she uses each month.
Mia’s electricity bill total depends on how much electricity she uses each month.
Why is it important to save money? (1 point) Responses If you have money in savings, you won’t be charged interest on your loans. If you have money in savings, you won’t be charged interest on your loans. If you save money now, you will have multiple bankruptcy options in the future If you save money now, you will have multiple bankruptcy options in the future Saving money allows you to pay for expensive goods and services in the future. Saving money allows you to pay for expensive goods and services in the future. Saving money is a requirement once you start earning a regular salary. Saving money is a requirement once you start earning a regular salary.
Saving money allows you to pay for expensive goods and services in the future.
1 answer