Question

one of the element is not a basic element of a budget
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Answer 1

Answer:

All basic budgets have the same elements: income, fixed expenses, variable expenses, discretionary expenses and personal financial goals. By combining these elements, a person can create a simple monthly budget.

Answer 2

》》Not a basic element of a budget :-

• Unplanned expenses
• emergency expenses
• Unplanned expenses and savings

》These are the fixed expenses that :-

• Rent/ Mortgage Payment.

• Utilities (Water, Trash, Electricity, Sewer)

• Cable + Internet.

• Maintenance.

• Home Insurance.

• Property Taxes

• Flexible expenses.

• Fixed expenses

There are two sides to the equation.

There is your income, and then there are your monthly costs.