Question

in a budget table under fixed expenses __ should be the first item which will help us to save money.
a) Paying loans
b)Paying Rent
c) Pay yourself first ​

Answer 1

Answer:

the correct answer is c.please mark me as brainliest

Answer 2

Option C) Pay yourself first

In a budget table under fixed expenses Pay yourself first should be the first item which will help us to save money.

• A pay-yourself-first budget operates just as it sounds: You set aside money for your savings objectives first, and then you can spend the remainder of your income as you see fit. This kind of budget has a lot of advantages, but it also has some disadvantages that you should be aware of.
• A pay-yourself-first budget is a type of reverse budgeting where you set aside a portion of your income first—basically paying your savings like a bill—and then use the remaining funds to pay bills and spend as you choose.
• In a reverse budgeting method known as "pay yourself first," you create your spending plan around savings objectives like retirement rather than concentrating on fixed and variable costs. This gives saving money first priority, but not at the expense of costs like housing, utilities, and insurance.
• You'll need to get ready if you want this budget to be effective. Pulling up your bank and credit card accounts can allow you to evaluate your regular spending, suggests Rachel Podnos, a certified financial advisor in Washington, D.C.

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