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3 years ago

Creating a Budget

Business

1 answer:

nikklg [1K]3 years ago

8 0

Answer:

a. Auto insurance - Expenditure

b. Clothing for school - necessity

c. concert tickets - luxury

d. Dinner for two at the newest - luxury

e. Restaurant in town groceries - expenditure

f. music downloads - luxury

g. medical treatment for strep throat - necessity

h. Theme park tickets - luxury

i. New car - luxury

j. Rent - expenditure

K. school lunches - necessity

l. school ski trip - expenditure

m. Cell phone service - necessity

Explanation:

2. Necessity is anything without which survival of a person is not possible. Luxury is anything which adds value to the living standard of a person but survival without such thing is possible.

3. My weekly income is $200

4. Clothing $20

Debt repayment $50

entertainment $30

Food $45

Rent and utilites $25

transportation $10

Personal care items $5

Others $3

total weekly expenditure $188

5. $200 - $188 = $12

6. Yes i have $12 as saving at the end of the week.

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2 years ago

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Answer:

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