1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
masya89 [10]
3 years ago
11

What could you do if your expenses each month continue to be more than your income ?

Business
1 answer:
Tasya [4]3 years ago
7 0

Answer:

Improve your budgeting skills

Explanation:

When your expenses each month exceeds your income, it probably means that your budgeting skills are ineffective or you don't have non at all. If you spend more than what you earn, then chances are high that you will need to borrow to service your excess expenditure. If you continue borrowing to meet your budget, then you might end up in perpetual debt where you are unable to pay back you loan. This often leads to a default, which can have some serious consequences to your credit. Luckily, there are various steps that one can take to meet their expenditure and also to put them on the right track towards financial independent.

The best way towards financial freedom is improving ones budgeting skills through the following methods;

1. Track your spending: most of the time people spend without necessarily knowing where their money goes. Expenditure tracking is a way in which you can record where your money goes. One will be surprised at how small cutting down on wants rather than needs can help in the long run.

2. Plan ahead: financial success needs one to plan ahead. Planning helps one avoid any surprises that might pop up. A plan is always like a map of showing you how much and when to spend your money.

3. If possible look for alternative sources of income: if there is a part-time job that you can do to an extra income, this could cover the excess expenditure above your income and elevate you from debt.

You might be interested in
Nathan and Diana are married and have three married children and seven minor grandchildren. For tax year 2020, what is the maxim
Luba_88 [7]

Answer:

Maximum amount that can be given to family (including the sons- and daughters-in-law) without using unified transfer tax credit is $390,000.

Explanation:

Given the data in the question;

Nathan and Diana are married and they have 3 married children, meaning Nathan and Diana also have 3 daughters/sons in law married to their children. In addition, they have 7 minor grand children.

Number of donees will be ⇒ 3 + 3 + 7 = 13

Now, we know that; The annual gift tax exclusion for 2019-2020 is $15,000 per donee or individual for every tax payer while that of married couple is $30,000.

Meaning Nathan and Diana can give $30,000as a gift to each of their family members without using any of their unified transfer tax credit.

Hence,

Maximum amount that can be given to family (including the sons- and daughters-in-law) without using unified transfer tax credit will be;

⇒ 13 × $30,000

= $390,000.

6 0
3 years ago
Using a budget is a good way to what?
belka [17]

Answer: A. stay outta debt

8 0
3 years ago
Read 2 more answers
during the second stage of the ethical decision-making process, managers must determine whether a proposed decision would violat
nikdorinn [45]

When a manager needs to make a decision using the ethical decision-making process and reaches the second stage, they check whether the decision violates the c. fundamental rights of any stakeholders

The ethical decision-making process involves making decisions that are consistent with the relevant ethical views of the company which it draws from the society it is based in.

The second stage of this process involves checking whether the ethics involved in a certain decision, would violate the fundamental rights of shareholders which include:

  • The right to ownership
  • The right to Dividends
  • The rights to evaluate corporate decisions
  • The right to voting power

This is to ensure that the shareholders are taken care of because the first duty of a manager is to their shareholders.

In conclusion, managers need to check whether a decision affects the fundamental rights of shareholders before they embark on it.

<em>Find out more at brainly.com/question/8864856.</em>

<em />

The options for this question include:

a. utilitarian beliefs

b. the global commons

c.  the fundamental rights of any stakeholders

d. home country values

4 0
3 years ago
E. You are the marketing manager for a U.S. manufacturer of disposable diapers. Your firm is considering entering the Brazilian
lesya692 [45]

Answer:

Advertising itself should be carried out toward the target market, that should always be the main plan.

The Brazilian markets differs in areas like culture, race, climate etc, as against that of The United States market, they also might have their preferences in a different way.for this, there should always be a different advertising system plan for Brazil

Explanation:

Solution

Advertising should always be done keeping in mind the target market.

The Brazilian market is different totally in terms of ethnicity, race,culture, likes, dislikes, preferences, climate, mindsets as compares to US market. they might not like what The United States market would like so there should be a difference in advertising plan for Brazil.

3 0
3 years ago
Which of the following are the top two expectations of people who career plan?
Zolol [24]

To my knowledge:

<em>(benefits) (type of work) </em>

7 0
3 years ago
Other questions:
  • Which of the following statements regarding the center of gravity method is false
    6·1 answer
  • ​Finishing the construction of a home two days after the contract called for completion (no injury occurs) most likely will be c
    10·1 answer
  • Any restructuring of operations that ____ the difference between a foreign currency's inflows and outflows may ____ economic exp
    13·1 answer
  • 3/4 two equipment fractions​
    10·1 answer
  • Successful firms of today would ?
    10·1 answer
  • This firm is a natural monopoly. True False If the firm produces 68 units and charges $28 per unit, it will in the long run. Whi
    12·1 answer
  • What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-h
    14·1 answer
  • The selected inventory costing method impacts:________
    8·1 answer
  • A motivation for scientific management, which uses time and motion studies and work standardizations, is to:
    15·1 answer
  • total quality management (tqm) is an integrated organizational effort to improve quality at every level. which one of the follow
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!