a person on a tight budget received a 2% salary increase this year. if the price of food increases by 5%…

a person on a tight budget received a 2% salary increase this year. if the price of food increases by 5%, what should he try to do first?\n○ reduce his variable expenses to increase his food expenses.\n○ withdraw funds each month from savings in order to buy food.\n○ use a credit card to buy food.\n○ shop for food once a week.

a person on a tight budget received a 2% salary increase this year. if the price of food increases by 5%, what should he try to do first?\n○ reduce his variable expenses to increase his food expenses.\n○ withdraw funds each month from savings in order to buy food.\n○ use a credit card to buy food.\n○ shop for food once a week.

Answer

Brief Explanations:

When on a tight budget with a lower - percentage salary increase than food - price increase, reducing variable expenses is a good first step to free up funds for food. Withdrawing from savings is not ideal as it depletes long - term security. Using a credit card can lead to debt. Shopping for food once a week may not necessarily address the cost issue.

Answer:

Reduce his variable expenses to increase his food expenses.