Question

Constructing a personal budget is all about choice and balancing the choices you make. Identify what the goal of creating a personal budget is and then explain how the choices you make regarding fixed and variable expenses can help you achieve your personal budget

Answer 1

Personal budget could be to save money? Almost always is for most people and the fixed and variable expenses will allow you to follow that budget by having set (fixed) expenses and the variable expenses give you flexibility and sometimes depending on situations will allow you to know when to use for that expense. Hope that helps in answering your question