QUESTION IMAGE
Question
a(n) _____________ costs the same amount every month.- fixed expense- deficit- budget- variable expense_____________ is a strategy where individuals prioritize saving by putting a portion of their income into savings before paying other expenses.- pay yourself first- zero-based budget- 50/30/20 budget- cash envelope budget
Brief Explanations
- For the first question: Fixed expenses are defined as costs that remain the same each month, matching the description. Deficit refers to a shortfall of funds, a budget is a spending plan, and variable expenses change in amount monthly.
- For the second question: The "Pay Yourself First" strategy specifically involves setting aside savings from income before covering other expenses. Zero-based budgeting requires justifying all expenses monthly, 50/30/20 is a percentage-based budget split, and cash envelope uses physical cash for categories.
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- Fixed Expense
- Pay Yourself First