Step 3: Creating a Balanced Family Budget
1 answer:
The family budget calculator use is attached accordingly. See relevant definition below.
<h3>What is the minimum monthly income and hourly wage per worker required to cover the monthly expenses indicated in the budget?</h3>The total budget indicated is $7,304. Hence to cover for the above expenses, one would need to work for at least 8 hours per day, and 5 days a week at the minimum income wage of $50 dollars/Hour.
This translates to:
50 x 8 x 20
= $8,000
<h3>What exactly is a family budget?</h3><h3 />A family budget is a plan for your household's incoming and outgoing funds for a specific time period, such as a month or year.
<h3>What is the definition of a Family Budget Calculator?</h3>The Family Budget Calculator calculates the amount of money required for a family to maintain a modest but decent level of life.
The budgets project community-specific expenses for ten different family types (one or two adults with zero to four children) across all counties and metro regions in the United States.
Learn more about Family Budget Calculator:
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