you are putting together your first post - graduation budget. your net pay is $2,500 per month and you…

you are putting together your first post - graduation budget. your net pay is $2,500 per month and you estimate that your monthly expenses will be $2,625. which of the following is true? you have an extra $125 each month that you can spend on a fun or leisure activity you have room in your budget to make philanthropic donations to your favorite charity you need to either cut back on your spending or find an additional source of income to balance your budget you can invest a portion of your monthly income into a retirement fund, as your expenses are well within your budget question 5 3 pts all of the following are good budgeting strategies if you want to save money at the grocery store except: focusing only on the price when comparing similar products focusing on unit price when comparing similar products building a weekly meal plan around items you already own or items that are on sale that week, rather than just choosing foods youd like to eat preparing a grocery list before you go to the store and avoiding buying items that arent on the list

you are putting together your first post - graduation budget. your net pay is $2,500 per month and you estimate that your monthly expenses will be $2,625. which of the following is true? you have an extra $125 each month that you can spend on a fun or leisure activity you have room in your budget to make philanthropic donations to your favorite charity you need to either cut back on your spending or find an additional source of income to balance your budget you can invest a portion of your monthly income into a retirement fund, as your expenses are well within your budget question 5 3 pts all of the following are good budgeting strategies if you want to save money at the grocery store except: focusing only on the price when comparing similar products focusing on unit price when comparing similar products building a weekly meal plan around items you already own or items that are on sale that week, rather than just choosing foods youd like to eat preparing a grocery list before you go to the store and avoiding buying items that arent on the list

Answer

Explanation:

Step1: Calculate the budget balance

Net pay is $2500$ and expenses are $2625$. The balance is $2500 - 2625=- 125$.

Step2: Analyze the first question

Since the balance is negative ($-125$), there is a deficit. So, the correct statement is that you need to either cut - back on spending or find an additional source of income to balance the budget.

Step3: Analyze the second question

Focusing only on the price when comparing similar products can be a bad strategy as it doesn't consider the quantity or unit price. Focusing on unit price, building a meal - plan around sales, and preparing a grocery list are good money - saving strategies.

Answer:

For the first question: You need to either cut back on your spending or find an additional source of income to balance your budget For the second question: Focusing only on the price when comparing similar products