All categories

3 years ago

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

During a recent month, Canon Company planned to provide cleaning services to 30 customers for $ 26 per hour. Each job was expec

prisoha [69]

Answer:

$1,950 more than expected

Explanation:

In this question ,we have to compare the revenues based on expected and the actual

So, the expected revenues would be

= Number of customers × per hour rate × expected time spent

= 30 customers × $26 × 8 hours

= $6,240

And, the actual revenues would be

= Number of increased customers × per hour rate × average time spent

= 42 customers × $26 × 7.5 hours

= $8,190

The revenue is increased by

= $8,190 - $6,240

= $1,950 more than expected

This is the answer but the same is not provided in the given options

7 0

3 years ago

A company that has been subject to Securities Exchange Act of 1934 reporting requirements for five years and has an aggregate wo

pickupchik [31]

accelerated filer, A company reporting requirements for five years and has an aggregate worldwide market cap of $300 million is an accelerated filer.

More about accelerated filer?

A publicly traded company that, as of the end of its fiscal year, satisfies each of the following requirements:

As of the final business day of the company's most recent completed second fiscal quarter, the total worldwide market value of the voting and non-voting common equity held by its non-affiliates (or public float) was $75 million or more but less than $700 million.
For at least 12 months, the company has been required to report in accordance with Sections 13(a) or 15(d) of the Exchange Act.
The business has previously submitted at least one annual report in accordance with Exchange Act Sections 13(a) or 15(d).
The company does not meet the revenue requirements (which include those listed below), so it is not eligible for smaller reporting company status.

Learn more about accelerated filer here: brainly.com/question/14855960

#SPJ4

7 0

2 years ago

The variable in an experiment that is observed or measured in response to the experimental condition is known as the _________ v

Ierofanga [76]

Design make liability

5 0

3 years ago

Customer World expects the credit card company to deposit funds in their business account for their sales where a customer uses

Murljashka [212]

Answer:

$88.75

Explanation:

Customer World expects the credit card company to deposit funds in their business account for their sales where a customer uses a credit card to pay. If Customer World earned $90 from a sale and the transaction fee was $1.25, the Customer World should expect $88.75 to be deposited into his business bank account by the credit card company.

I hope the answer is helpful.

Thanks for helping.

3 0

3 years ago

Discuss briefly how each of the following changes would affect the natural rate of unemployment.

Mariana [72]

Answer:

a. Schools operate for the full year, so no students are looking for summer work.

This will cause that the total labor force decreases, so the natural rate of unemployment will decrease. The natural rate of unemployment includes only structural and frictional unemployment. Since no students will look for summer jobs, then frictional unemployment will decrease, therefore, total natural unemployment will decrease also.

b. The Internet lists all the jobs available in the whole country, so it is easier for job seekers to locate potential jobs.

This will help to decrease structural unemployment which will in turn decrease the natural rate of unemployment. Structural unemployment happens when an unemployed individual cannot find a job that fits his/her skills. Internet job postings will make it easier for unemployed people to find jobs that match their skills.

c. People who quit their jobs are drafted into low-wage community-service jobs.

This should reduce frictional unemployment (which reduces the natural rate of unemployment), since frictional unemployment is made up of people that quit their jobs in order to search a better job or are looking for their first job ever. If people realize that quitting their current jobs will result in them being drafted into low wage jobs, less people will quit their jobs. This doesn't mean that they will stop searching for a better, it means that they will continue searching for a better while still employed.

d. In addition to unemployment insurance, the unemployed receive a bonus for finding new jobs; the bonus is greater if the job is found in the first few weeks of search and declines with the duration of search.

This should motivate people to get any available job as quick as possible. Sometimes a person that is fired will not accept possible jobs because they consider that they can get a better job, so they decide to wait until they get the job that they want. If a bonus is given, a lot of people will be motivated to accept any new job that they can find as long as it allows them to collect the bonus. This doesn't mean that they will quit looking for their dram job or the job that they deserve, it means that they will be working while doing so. This should decrease the natural rate of unemployment.

4 0

3 years ago