The most important consideration when planning your budget is <u>allocating the budget for fixed expenses before flexible expenses.
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<h2>Further Explanation
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Fixed expenses are the cost that <u>do not change for a period of time</u>. These include rent or mortgage payment, car payment, dues and subscription.
Flexible expenses are the cost that<u> typically fluctuate</u>. It can be changed, reduced, or eliminated. These include groceries and entertainment costs.
Since flexible expenses can be changed or reduced, allocating the fixed expenses can lead to the safe side of not living beyond your means.
However, before you allocate your flexible expenses, you have to identify these costs. According to a certified financial planner (CFP) a person may need to review 6 months past their financial statements to know the average of their food-related cost if they fluctuate significantly. It is possible that some people are budgeting fixed amount for food but actually spending more after taking into account the restaurant bills or the food delivery bill for lunch and dinner. Keeping a diary of the expenses you pay with cash, such as restaurant bills and grocery purchases, can help you accurately track what you spend over a given period. Once you know your average, you can budget accordingly.
Needs vs. Wants
Flexible expenses like food and gasoline are needs. Eliminating the less important costs from your budget such as maid services can improve your cash flow.
Learn more
- Cash flow brainly.com/question/10714011
- Income brainly.com/question/9932763
Keywords: budget, expenses, flexible expenses, fixed expenses
Answer:
0.33
Step-by-step explanation:
We can think of this in tems of a venn diagram.
We have a rectangle, which represents the probabilities combined, which is 1.
Then we have two interlocking circles, the first representing the probability the yankees win, the second representing the probability the yankes score 5 or more runs, and the overlap representing the probability of both.
Therefore, the probability of losing and scoring less than 5 runs must be the area outside the circles but inside the rectangle.
The union of 'winning' and 'scoring 5 or more runs' is equal to the sum of the probability of either, minus the probability of both, which is 0.48+0.57-0.38 = 0.67.
Therefore the probability neither happen is 1-0.67 = 0.33
You first have to do distributive property to get -18r-1=14-r, now get teh smallest r to the other side, in this case add 1r to both sides to get -17r=14, now add 3 to both sides to get -17r=17, now divide by -17 to leave r by itslef and get teh answer of r=-1
Hope this helps
