Which of the following statements describes a part of a reasonable method for increasing the amount of savings in the budget.
a.
Keep “Essential Expenses (Fixed)” the same amount every time the budget is revised.
b.
Occasionally pay a bill later than due, in order to increase available cash.
c.
Find a way to reduce “Non-Essential Expenses” in the monthly budget.
d.
Use only money from the coin jar towards “rainy day” expenses.

Question

Which of the following statements describes a part of a reasonable method for increasing the amount of savings in the budget.
a.
Keep “Essential Expenses (Fixed)” the same amount every time the budget is revised.
b.
Occasionally pay a bill later than due, in order to increase available cash.
c.
Find a way to reduce “Non-Essential Expenses” in the monthly budget.
d.
Use only money from the coin jar towards “rainy day” expenses.

anonymous · Answer

Probably C

anonymous · Answer

D is obviously not a good option. Think about it, would it really be wise to live off of all of your savings. What would you do for I emergencies?

anonymous · Answer

B would definitely be a bad idea. You will no doubt end up with a whole lot of overdue fees to pay for the next month.

anonymous · Answer

true, thanks! @HomeschoolGrad

anonymous · Answer

A is not a good option because it's not practical. The truth is, peoples' "essential expenses" change over time--sometimes they are increased and sometimes they are reduced.